For Sale
$4,900,000

721 Porter Ave Chesterton, IN 46304

50 Acres, Prime Location, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 50.65-acre commercial land parcel in Chesterton, Indiana, presents a remarkable investment opportunity. Strategically located along the east side of State Route 49, south of Indian Boundary Road, this property boasts high visibility and accessibility. The site benefits from B2/B3 zoning, allowing for a diverse range of development options, including hotels, restaurants, retail spaces, medical facilities, educational centers, office buildings, and potentially some light manufacturing. Its prime location within Chesterton's thriving commercial corridor, between I-94 and I-80/90, ensures exceptional exposure to a large customer base. The property enjoys convenient access to major transportation arteries, including SR 49, I-94, I-80/90 Indiana Toll Road, and the South Shore Railroad. Nearby amenities include established businesses such as Jewel/Osco, Pizza Hut, Wendy's, Speedway, and a future Aldi Grocery Store. Significant healthcare infrastructure is also in close proximity, including a Franciscan Emergency Center and Fitness Center. Further enhancing its appeal, the property is situated near Sand Creek Country Club, Indian Oak Shopping Center, Walgreens, and the new Porter Hospital. The property is currently farmed, with 2023-2024 taxes assessed at $1,934.36 (farming rate). A 12" water line is conveniently located on the north side of Porter Avenue and under the railroad tracks. The property is being sold "as is." This is an ideal opportunity for developers seeking a high-impact location with significant growth potential in a rapidly expanding area. The property's location within Porter County, a region attracting over 6 million visitors annually, including those visiting the Indiana Dunes National Park, further underscores its investment value.

Highlights

  • 50.65-acre commercial land parcel in Chesterton, IN, with high visibility on SR 49.
  • B2/B3 zoning allows diverse development (hotels, restaurants, retail, medical, education, office, light manufacturing).
  • Prime location between I-94 and I-80/90, near SR 49, Indiana Toll Road, and South Shore Railroad.
  • Surrounded by established businesses (Jewel/Osco, Wendy's, Speedway) and healthcare facilities (Franciscan Emergency Center).
  • 2023-2024 taxes: $1,934.36 (farming rate); 12" water line nearby; sold "as is".

Property Details for 721 Porter Ave

Property type
Land
Lot Size (sq. ft)
2,206,314 SF

Location Insight

City
Chesterton
County
Porter
State
Indiana
Latitude
41.608329707144
Longitude
-87.041507484853

FAQs

What type of property is this?
Land - 50 Acres, Prime Location, High Traffic
Where is the land located?
The property is located at 721 Porter Ave Chesterton, IN.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 50.65-acre commercial land parcel in Chesterton, IN, with high visibility on SR 49.; B2/B3 zoning allows diverse development (hotels, restaurants, retail, medical, education, office, light manufacturing).; Prime location between I-94 and I-80/90, near SR 49, Indiana Toll Road, and South Shore Railroad.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
721 Porter Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message