Vacant Land - Commercial/Retail Development

Vacant Land for Sale
Catylist Listing ID: 30000020
Property Subtypes: Agricultural, Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 47 Acres
Sale Price: $5,714,000
Unit Price: $121,574 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2017

Overview / Comments

47 acre parcel on the North side of Porter Ave and contiguous to the East of Conner Motors. It sits between Conner Motors and The Villages of Sand Creek.
Excellent location for a mixed use development targeting; Aged community development along with Health related uses and supporting retail/office services.
It is currently being farmed and could possibly be developed as a PUD or subdivided for multiple users.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Taxing Authority: Porter County
Tax ID/APN: 640431451001023, 640431377001000023, 640706201001000023
Zoning: B-2 BUSINESS
Property Located Between: 49 Bypass and Dickerson Rd
Property Visibility: Excellent
Legal Description: Legal descriptions of the 3 contiguous parcels are on Broker's file.
Largest Nearby Street: 49 Bypass (IN 49)
Highway Access: 49 Bypass to Indiana Toll Rd 1/2 mile South and I-94 Freeway 1/2 mile to the North.
Airports: Porter County Regional Airport - 6 miles South
Site Description: Mostly flat with NS Railroad at North lot line.
Area Description: Just 1/4 mile from downtown Chesterton, with Porter Ave being a main East/West corridor.
Zoning Description: B-2 Business
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,634 17,063 37,688
Median Age: 41.89 39.84 39.22
Households: 1,770 6,531 14,198
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