150 Us Highway 20Porter, IN 46304

Property Details for 150 Us Highway 20

Year built

1995

Construction

CONCRETE

Lot size

17.52 AC

Property size (Sq ft)

12,366 SF

Property type

Commercial land

APN

64-03-25-107-001.000-026

APU

640325107001000026

Description

This exceptional 39-acre property in Chesterton, Indiana, presents a prime multifamily development opportunity. Located just minutes from Indiana Dunes National Park and less than an hour from downtown Chicago, this site offers unparalleled access to natural beauty and urban amenities. The eastern 17.5 acres are approved for a 318-unit Planned Unit Development (PUD), with plans ready for immediate groundbreaking. This section provides a significant opportunity to build a thriving residential community. The remaining 21.5-acre western parcel offers further development potential, envisioned for low-density multifamily and commercial uses. This allows for a diverse and potentially lucrative mixed-use development. The entire 39-acre parcel is zoned for multi-family use, providing flexibility and scalability for your project. The property's strategic location, combined with the approved PUD plans and the potential for additional development, makes this a truly exceptional investment opportunity in Northwest Indiana's thriving real estate market. This is a rare chance to capitalize on the growing demand for housing near the Indiana Dunes National Park, creating a desirable community with ample space for amenities. The approved plans for the eastern portion significantly reduce development hurdles, allowing for a swift and efficient project timeline. Don't miss this chance to build a successful and impactful development in a highly sought-after location. The address is 150 E US Hwy 20, Chesterton, IN 46304.

• Alternative Use

  Use

  Valuation

  Residential

  $4,548,793

  Hospitality

  $4,166,670

  Educational

  $3,466,620

  Medical

  $3,585,843

  Retail

  $5,392,521

Location Insight

City

Porter

County

Porter

State

Indiana

Latitude

41.6342

Longitude

-87.065

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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