Residential Land on Chubb Lake

Vacant Land for Sale
Catylist Listing ID: 28279549
Property Subtypes: Hospitality, Multi-Family, Vacation/Resort
Gross Land Area: 20 Acres
Sale Price: $2,300,000
Unit Price: $115,000 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 6/20/2017

Overview / Comments

Very attractive, multi family residential land. Would suit assisted living development or townhouse/condo complex. It is contiguous to well established hospitality and retail mall with easy access (just half mile away) to I-94 Freeway. With the need increasing for aged communities and assisted living facilities, this property has all the components to make it an ideal location for such a development. Close to medical, hotels, retail and restaurants.

Additional Details

Nearest MSA: Chicago-Joliet-Naperville
County: Porter
Taxing Authority: Porter County
Tax ID/APN: 640336428002000023
Zoning: R-3 RESIDENTIAL
Market Type: Medium
Property Located Between: Indian Boudary Rd & 49 Bypass
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Indian Boundary Rd
Transportation: Highway
Highway Access: 49 Bypass (1/4 mile) I-94 Freeway (half mile)
Airports: Porter County Regional Airport 8 miles
Site Description: Gently sloping with frontage on Chubb Lake
Area Description: Contiguous to large Retail, Restaurant and Hospitality complex.
Zoning Description: R-3 Multi Family Residential
Topography: Gently Sloping
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Cable

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,259 15,458 38,599
Median Age: 39.65 39.98 39.54
Households: 1,332 6,039 14,579

Source

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