50 Acres on S.R. 49 CHESTERTON
Vacant Land
for Sale
| Catylist Listing ID: |
30757071 |
| Property Subtypes: |
Retail, Other
|
| Gross Land Area: |
50.65 Acres
|
| Sale Price: |
$4,900,000 |
| Unit Price: |
$96,742 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/26/2023 |
Overview / Comments
50.65 acres fronting along the east side of State Route 49, south of Indian Boundary Road, between New York Central Railroad tracks to the north and Porter Avenue 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 possibly some light manufacturing uses. Zoning is B2 Business (although 2.4 acres are zoned B3). The property is currently being farmed. 2021 pay 2022 taxes $1316.46 (assessed at farming rate).
Located in the heart of Chesterton's most active, high traffic commercial development zone, the State Road 49 corridor between I-94 and I-80/90. 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, Pizza Hut, Wendy's, Speedway and future Aldi Grocery Store coming Spring 2021. Franciscan Emergency Center is a $20 million dollar freestanding emergency center just 1/2 mile north! The Franciscan Health Fitness Center 1/2 mile north. Sand Creek Country Club is located 1/2 mile east. Indian Oak Shopping Center and Walgreen's are located 1 mile to the northwest. 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. The recently designated Indiana Dunes National Park alone attracted 2.29 million visitors in 2020!
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
640431377001000023, 640431451001000023, 6407201001000023 |
| Zoning: |
B2/B3 |
| Highway Access: |
I80/94 |
| Zoning Description: |
B2/Bd |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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