Land on State Road 231

Vacant Land for Sale
Catylist Listing ID: 30162194
Property Subtypes: Office, Retail, Other
Gross Land Area: 2.05 Acres
Sale Price: $449,000
Unit Price: $219,024 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2023

Overview / Comments

This is a prime commercial parcel redevelopment. This parcel is zoned B-3 Highway Commercial making this site ideal for medical/professional office
or retail development. All utilities available are to the site including sewer and
water. 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. 2020 INDOT traffic count on State Road 231 is 10,544 cars/day. 2021
pay 2022 taxes are $257.10.

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: 45-16-15-153-001.000-042
Zoning: B-3
Property Located Between: Broadway/I65
Property Visibility: Excellent

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 25,627 64,486
Median Age: 40.03 38.64
Households: 9,565 23,932


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