Standard Plaza

Vacant Land for Sale
Also listed as Industrial
Catylist Listing ID: 30779140
Gross Land Area: 8.97 Acres
Sale Price: See Agent
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2022

Overview / Comments

Great redevelopment opportunity in Burns Harbor. Listed property has almost 9 acres of shovel-ready property with easy access to Interstate 94 and to nearby industries. Sold as a package with an additional 10.5 acres (more or less), with frontage along I-94 and great visibility. Opportunities for the package include retail and solar development.

Financials

Finance Data Year 2015
Assessed Value - Total($) $977,700 (Annual)
Real Estate Taxes - Annual($) $19,080 (Annual)
Finance Data Year 2013
Assessed Value - Total($) $1,036,700 (Annual)
Real Estate Taxes - Annual($) $21,558 (Annual)
Finance Data Year 2011
Assessed Value - Total($) $600,200 (Annual)
Real Estate Taxes - Annual($) $10,687 (Annual)
Finance Data Year 2010
Assessed Value - Total($) $716,300 (Annual)
Real Estate Taxes - Annual($) $12,363 (Annual)
Finance Data Year 2009
Assessed Value - Total($) $716,300 (Annual)
Real Estate Taxes - Annual($) $12,810 (Annual)

Additional Details

Nearest MSA: Chicago-Joliet-Naperville
County: Porter
Taxing Authority: Town of Burns Harbor
Tax ID/APN: 64-06-04-151-009.000-024
Zoning: RESIDENTIAL/COMMERCIAL 2
Property Located Between: State Road 149 and Interstate 94 exit (US 20)
Property Visibility: Excellent
Legal Description: PAR IN S 1000.2 W418.15 E618.15 E1/2 W1/2 NW N HWY 20 4-36-6 8.973AC TIF
Largest Nearby Street: Melton Road (US 20)
Highway Access: Access to US 20. Exit to Interstate 94 is approximately one mile east.
Site Description: Redevelopment area. Front parcel is paved and has all utilities on site. Back parcel is accessed from drive on west side of property; currently no utilities on site. Property sits between a residential/commercial area to the west and auto & truck related businesses to the east.
Area Description: In town of Burns Harbor. Area is primarily commercial.
Zoning Description: Residential/Commercial 2. Permitted uses include assisted living, office, tavern, small to medium box retail, religious assembly, clinic, funeral home, preschool and elementary school, kennel, solar, and outdoor storage. Special exception uses include big box retail, vehicle sales and service, and shipping container storage.
Topography: Level
Easements: Electric Lines, Ingress/Egress
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,943 27,492 73,715
Median Age: 34.58 36.64 37.51
Households: 1,090 10,394 27,836
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