Portage Northside Development Parcel c

Vacant Land for Sale
Catylist Listing ID: 30837063
Property Subtypes: Hospitality, Industrial, Office, Retail-Pad
Gross Land Area: 43.75 Acres
Sale Price: $3,500,000
Unit Price: $80,000 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

The 43.75 acres site is part of the Portage Northside Development that was launched in 2005 and updated in 2016. The property is commonly known as Parcel C and the plan originally envisioned office space in this location but is open to alternative uses as the the market dictates. A transit development district is currently envisioned just north of the site near the South Shore Line and other supporting developments. Burns Parkway has been constructed along the south border of Parcel C and it begins at the intersection of Route 249 and Ameriplex Drive. The city also foresees extending Burns Parkway across Burns Ditch and connecting it to Route 12 as some point in the future. Site is located 1/4 mile north of the Interstate 94 exit onto Route 249 with Ameriplex Portage being directly east of the parcel.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-02-36-376-802.000-016
Property Located Between: Interstate 94 are Route 12, along Route 249
Property Visibility: Excellent
Legal Description: To be added later
Largest Nearby Street: Interstate 94
Feet of Frontage: 687
Traffic/Vehicle Count: 20,120
Highway Access: 1/4 mile from Interstate 94 on State Road 249
Airports: No
Site Description: Vacant Land with all utilities available
Area Description: Northern part of Portage, 1/4 mile north of Interstate 94, adjacent to State Road 249 with Burns ditch to the northern side of parcel
Zoning Description: MW - Portage Northside Development PUD
Part of Planned Development?: Yes
Development Name: Portage Northside Development
Topography: Level
Easements: Ingress/Egress, Water Rights, Utilities, Preservation, Environmental
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,941 24,823 83,549
Median Age: 38.45 38.1 37.36
Households: 1,956 9,352 32,082
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