14.57 Acres Chesterton
Vacant Land
for Sale
| Catylist Listing ID: |
12417 |
| Property Subtypes: |
Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
|
| Gross Land Area: |
2 - 14.57 Acres
|
| Sale Price: |
$1,999,999 |
| Land Splits Available: |
Yes |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/2/2021 |
Overview / Comments
Available from 2 to 14 acres at $5.00/SF or the total acres of 14.583 fronting along the east side of State Route 49, south of Indian Boundary, between The Best Western motel and Conrail RR tracks to the south. the site is accessed via two streets, Council Drive and Michael Drive, both of which presently terminate into the property and have all utilities available at each point. Excellent development/investment opportunity to connect the two streets and subdivide the property into multiple lots. The property is well suited to accomodate a wide range of commercial uses including hotel/motel, retail, office, medical or for a senior assisted living center. The Town of Chesterton has recently completed a market study identifying several services which the residents would like to have located in Chesterton, inquire for details. TRAFFIC COUNTS: SR 49 (2012) 26,886 cars/day, I-94W SR49 (2012) 61,242 cars/day, I-94E SR49 (2012) 51,341 cars/day. Located in the heart of Chesterton's most active commercial development zone, the area surrounding Indian Boundary Road at the I-94 & SR 49 interchange. The site has great access to SR 49, I-94, I-80/90 and South Shore Railroad. The site is near the new Jewel/Osco store, K-Mart, Applebee's, Kramer-Leonard Office Supply and Duneland Health & Wellness Institute adjoins the southeast edge of the property.
Sand Creek Country Club is located 1 mile southeast. Indian Oak Inn and Walgreen's located 1 mile to the west.
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Porter |
| Tax ID/APN: |
64-04-31-326-001.000-023 |
| Zoning: |
B-3 |
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
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