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.
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
64-02-36-376-802.000-016 |
| Zoning: |
MW PLANNED UNIT DEVELOPMENT |
| 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 |
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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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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