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.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-04-31-326-001.000-023
Zoning: B-3

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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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