Residential Development 236 +/- Acres R-2 Potential 500 Units

Vacant Land for Sale
Catylist Listing ID: 30806420
Property Subtypes: Agricultural
Gross Land Area: 236 Acres
Sale Price: $6,926,000
Unit Price: $29,347 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2022

Overview / Comments

The site has numerous amenities to offer, location, conveniently located 40 miles southeast from Chicago and approximately 50 miles west of South Bend. 621 N 350 W Valparaiso is a short distance from West Beach Indiana Dunes, Lake Michigan which offers many water activities such as swimming, boating and hiking. Short drive to I-94 and I-90 serving all Northwest Indiana and the south suburbs of Chicago.

Price per Acre: $29,500.00
List Price: $6,962,000.00
Lot Size: 236 +/- Acres
Utilities: Sewer & Water - close proximity
Zoning: R-2 Residential Single Family
Potential Capacity 500 Units
13 +/- Acre Bass Fishing Lake

DISCLOSURE: Owners have option to purchase a portion of site between 5-13 +/- acres location details are available upon request.

Financials

Finance Data Year 2015
Assessed Value - Total($) $293,900 (Annual)
Real Estate Taxes - Annual($) $5,403 (Annual)
Finance Data Year 2013
Assessed Value - Total($) $252,300 (Annual)
Real Estate Taxes - Annual($) $4,878 (Annual)
Finance Data Year 2011
Assessed Value - Total($) $215,500 (Annual)
Real Estate Taxes - Annual($) $3,699 (Annual)
Finance Data Year 2010
Assessed Value - Total($) $185,200 (Annual)
Real Estate Taxes - Annual($) $3,133 (Annual)
Finance Data Year 2009
Assessed Value - Total($) $179,600 (Annual)
Real Estate Taxes - Annual($) $3,278 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Porter
Tax ID/APN: 64-06-32-300-001.000-015
Legal Description: S5/8 W1/2 32-36-6 EX PART PLATTED IN NW CORNER 194.046A
Site Description: The property has a beautiful 13+/- acre bass fishing lake 25’-30’+/- depth on north end and 8’ on the south end. A potential community with amenities such as clubhouse, pool overlooking the fishing lake and with wooded walking trails. The property sits east of a100 +/- acres Forest Preserve and Salt Creek, which a salmon run flows through it. The 100+/- acres was donated to the State of Indiana as open space by the family 30 years ago. This makes for a lasting natural setting for a new residential community.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,469 36,377 99,049
Median Age: 34.42 36.58 37.32
Households: 848 13,089 37,288

Contact

Photograph of Listing Agent

Belinda Schuster, CCIM

NWI Commercial Real Estate ICREX Member
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