LAND NEAR NEW CROWN POINT HOSPITAL

Vacant Land for Sale
Catylist Listing ID: 30856269
Property Subtypes: Office, Retail
Gross Land Area: 2.50 Acres
Sale Price: $449,000
Unit Price: $179,600 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

This is a prime commercial parcel ready for redevelopment as the prior home
has been razed. This parcel is zoned B-3 Highway Commercial making this
site ideal for medical/professional office or retail development. All utilities
available and are to the site including sewer and water. 2022 pay 2023 taxes are
$284.04. Proposed new Franciscan Health Hospital, University of Saint
Francis expansion and possible new location for Andrean High School is
located just 1 mile west of this property. It's expected investment is between
$227 and $300 million for the hospital and expanded University, Franciscan
officials report. 2022 INDOT traffic count on State Road 231 is 14,903
cars/day.

Located on the south side of US 231/SR 8, 1/4 mile east of Broadway, 1/2
mile west of I-65/US 231 interchange, and 5 miles south of US Highway 30.
Nearby businesses include CVS, People's Bank, Oak Hill Animal Clinic and so
much more. Less than 2 miles east of the historic Lake County Courthouse
and Crown Point Square with shopping, dining, banking, entertainment and
more. 1.5 miles southeast of the Crown Point SportsPlex.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-16-15-153-002.000-042

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 30,440 64,486
Median Age: 40.44 38.64
Households: 11,473 23,932

Contact

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