Exceptional investment opportunity in Chesterton, Indiana, awaits! This 0.39-acre commercial lot (APN: 64-04-31-257-002.000-023), zoned B-3, presents a remarkable chance for development or appreciation. Situated in a high-traffic commercial zone at the intersection of Indiana Boundary Road, I-94, and State Road 49, this property boasts unparalleled access to major transportation arteries including SR 49, I-94, I-80/90 Indiana Toll Road, and the South Shore Railroad. All utilities are available on-site. The 2023-2024 property taxes are $1,645.34. This location is surrounded by thriving businesses, including Jewel-Osco, Applebee's, Pizza Hut, Wendy's, and Speedway. Nearby amenities include St. Anthony Hospital's emergency center, the Omni Duneland Health and Wellness Institute, Sand Creek Country Club, Indian Oak, Quality Inn, and Walgreens. The area benefits from significant tourism, with over 6 million annual visitors to Porter County, including 3 million to the Indiana Dunes National Park. The proximity to the new Porter Hospital (261 beds, 1500+ employees) and Urschel Laboratories' corporate headquarters further enhances the property's value and potential. This versatile site is ideal for a wide range of commercial uses, including restaurants, retail, office, or medical facilities. Don't miss this chance to capitalize on Chesterton's booming economy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$6,313,354
Hospitality
$5,782,998
Educational
$4,811,386
Medical
$4,976,858
Retail
$7,484,380
Location Insight
City
Chesterton
County
Porter
State
Indiana
Latitude
41.6152
Longitude
-87.0361
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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