721 E. Porter Avenue, Chesterton, IN
Land for Sale - $4,900,000 - 50.65 acres
Agent Info
David Lasser Commercial In-Sites, LLC |
Property Info
CIMLS# | 1100433 |
Location 721 E. Porter Avenue Chesterton IN 46304 | |
Updated | April 11th, 2024 |
Type | Land |
Price | $4,900,000 |
Land | 50.65 acres |
Property Description
50.65 acres fronting along the east side of State Route 49, south of Indian Boundary Road, between New York Central Railroad tracks to the north and Porter Avenue to the south. Excellent investment opportunity to hold for appreciation or to develop now. Excellent location for hotels, restaurants, retail, medical, education centers, office buildings as well as possibly some light manufacturing uses. Zoning is B2 Business (although 2.4 acres are zoned B3). The property is currently being farmed. 2023 pay 202 taxes $1,934.36 (assessed at farming rate).
Located in the heart of Chesterton's most active, high traffic commercial development zone, the State Road 49 corridor between I-94 and I-80/90. The site has great access to SR 49, I-94, I-80/90 Indiana Toll Road and the South Shore Railroad. The site is near Jewel/Osco, Pizza Hut, Wendy's, Speedway and Aldi Grocery Store. Franciscan Emergency Center is a $20 million dollar freestanding emergency center just 1/2 mile north! The Franciscan Health Fitness Center 1/2 mile north. Sand Creek Country Club is located 1/2 mile east. Indian Oak Shopping Center and Walgreen's are located 1 mile to the northwest. The $210 million 5-story Porter Hospital at US 6 & SR 49 with 261 beds and over 1,500 full time employees is located only 3 miles south. Urschel Laboratories has moved its 300 employee corporate headquarters to Chesterton. Over 6 million people visit Porter County annually. The recently designated Indiana Dunes National Park alone attracted 2.29 million visitors in 2020!