For Sale
$1,970,000

7311 Lincoln Hwy Hwy Crown Point, IN 46307

15 Acres, Hwy 30 Frontage, C-3 Zoning

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 15-acre commercial land parcel, located at 7311 W Lincoln Hwy in Crown Point, Indiana (APN: 45-11-14-377-001.000-36), presents a unique investment opportunity. Zoned C-3 Highway Commercial, allowing for structures up to six stories, this property boasts 1363 feet of frontage on US Route 30, experiencing a daily traffic count of 45,000 vehicles. Additional traffic from Cline Ave (6,719 vehicles daily) further enhances its visibility and accessibility. The zoning permits a variety of uses, excluding box retail and fast food, with numerous approved alternatives detailed in the zoning attachment. This prime location is ideal for medical office, residential, or mixed-use development. The property's strategic position anticipates increased demand from Chicago commuters relocating due to the new Dyer train station (completion February 2025), leading to elevated demographics and population growth. A potential stoplight addition (phase 2 of a nearby medical office complex) will further improve access. The offering includes 12.5 acres (with an option for the buyer to acquire the additional 2.5 acres). Annual property taxes are $300. The asking price is $1,970,000.

Highlights

  • $1,970,000 asking price for 15 acres of C-3 Highway Commercial zoned land.
  • 1,363 feet of US Route frontage.
  • Potential for traffic signal addition near a future medical office complex.
  • Suitable for medical office, residential, or mixed-use development.
  • Strong growth potential due to anticipated population increase from Chicago commuters relocating near the new Dyer train station (completion February 2025).
  • 12.5 acres available (buyer's choice, with 2.5 acres potentially remaining with seller).

Property Details for 7311 Lincoln Hwy Hwy

Property type
Land
Lot Size (sq. ft)
653,400 SF

Location Insight

City
Crown Point
County
Lake
State
Indiana
Latitude
41.479387
Longitude
-87.424931

FAQs

What type of property is this?
Land - 15 Acres, Hwy 30 Frontage, C-3 Zoning
Where is the land located?
The property is located at 7311 Lincoln Hwy Hwy Crown Point, IN.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: $1,970,000 asking price for 15 acres of C-3 Highway Commercial zoned land.; 1,363 feet of US Route frontage.; Potential for traffic signal addition near a future medical office complex.
How can I contact the broker?
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7311 Lincoln Hwy Hwy
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