Residential - Land Development Opportunity 300-500 Units

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30741322
Property Subtypes: Residential (Single Family)
Status: Pending/Contingent
Gross Land Area: 121 Acres
Sale Price: $4,235,000
Unit Price: $35,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/17/2023

Overview / Comments

List Price $4,235,000.00
$35,000 per Acre
121 +/- Acres
Utilities: Sewer & Water Close Poximity
Zoning: R-1 Partially Annexed PUD Potential
300-500 Unit Capacity

500 W 741 N site is 15 minutes from West Beach Indiana Dunes, Lake Michigan which offers many water activities such as fishing, boating and hiking. Portage maintains 15 scenic parks and 10 miles of paved trails. The site is a short distance to Hwy 6 corridor where many retail shops, commercial industries and restaurants are located. Miejer, Bass Pro Shops, Ameriplex, small shops and shopping centers and necessities are within 10 minute drive.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-06-30-376-001.000-015
Zoning: R-1
Property Located Between: N 500 W & Wolf Rood
Property Visibility: Good
Legal Description: PAR IN NW SE S OF TOLL RD DESCDOC #01-28742 10-36-7.58A (TO BE VERIFIED BY TITLE COMPANY)
Largest Nearby Street: US HWY 6
Highway Access: Accessible from Indiana Tollway I/80/94 and South Shore Commuter Rail Line
Site Description: Level No Wetlands No Flood Plains
Area Description: Portage has numerous amenities to offer, location, conveniently located 40 miles southeast from Chicago and approximately 50 miles west of South Bend. Portage is accessible from the Indiana Tollway, I-80/94 and the South Shore Commuter Rail Line.
Zoning Description: R-1, PUD Potential
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,003 47,963 97,021
Median Age: 34.88 36.51 37.65
Households: 1,691 17,532 36,781


Photograph of Listing Agent

Belinda Schuster, CCIM

NWI Commercial Real Estate ICREX Member
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