400 Council Drive

400 Council Drive, Chesterton, Indiana 46304

  • Property Subtypes Multi-Family , Self Storage , Hospitality , Retail-Pad , Office , Retail
  • Sale Price $1,999,999.00 Total
  • Class of Space N/A
  • Total Land Size 14.58 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 12/2/2019
  • Days on Market 6249 Days
  • Status active

Overview / Comments

Available from 2 to 14.57 acres fronting along the east side of State Route 49, south of Indian Boundary Road, between Quality Inn and the Conrail Railroad tracks to the south. Excellent investment opportunity to hold for appreciation or to develop now. Excellent location for hotels, restaurants, retail, medical, education centers, office buildings as well as precision manufacturing and flex. Due diligence investigations into the property have already been completed including zoning, utilities (all available), wetland report (showing none), phase one environmental report (clean) and soil borings (good). The site has been cleared of trees and is being farmed. 2018 pay 2019 taxes $530.58 (assessed at farming rate). Indiana Real Estate Broker Owned. See attached recent article pertaining to the Northern Indiana Commuter Transportation newest line to run through Michigan City. Located in the heart of Chesterton's most active, high traffic commercial development zone, the area surrounding Indiana Boundary Road at the I-94 and State Road 49 interchange. The site has great access to SR 49, I-94, I-80/90 Indiana Toll Road and the South Shore Railroad. The site is near Jewel/Osco, Gino's, Pizza Hut, Wendy's and Speedway. St. Anthony Hospital is a $20 million dollar free-standing emergency center just 1 block north! The Omni Duneland Health and Wellness Institute adjoins the property. Sand Creek Country Club is located one mile southeast. Indian Oak shopping center and Walgreen's are located 1/2 mile to the west. The $210 million 5-story Porter Hospital at US 6 & SR 49 with 261 beds and over 1,500 full time employees is located only 3 miles south. Urschel Laboratories has moved its 300 employee corporate headquarters to Chesterton. Over 6 million people visit Porter County annually and the Indiana Dunes National Park alone attracts 3 million of those visitors. See attached recent article pertaining to the Northern Indiana Commuter Transportation newest line to run through Michigan City.

Additional Details

  • Tax ID/APN 64-04-31-326-001.000-023
  • Zoning B-3
  • Property Visibility N/A

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