Residential Development Land
For Sale
Contact for pricing
Pending
140 S 500 W, Valparaiso, IN 46385
Multi-acre parcel with pond, wooded areas, wetlands, and rolling topography, accessed via 500 W.
Property SizeContact for details
Days on Market140
Property Features for 140 S 500 W
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Century 21 Alliance Group
Listed By:
Connor Ritzi · License #IN RB18001789
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 12:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Alliance Group
Investment Insights
Based on property information with market context.
This property consists of approximately 94.6 acres (+/-) immediately south of Phase 1 of Prairie Landings, a residential subdivision in rural Valparaiso. The property was intended to be Phase 2, but it was never developed, and no plat was recorded or finalized for the 94 acres. The land includes a pond on the west end, wooded areas, open areas, wetlands, and rolling topography. A street within the property was not formally dedicated to the County.
Access is provided via 500 W, described as a heavily traveled road connecting US Hwy 30 to Hwy 2. The approvals and plans were not finalized with the County, allowing a new owner “unlimited options” as stated in the remarks. The property is within the Boone Grove School system and is approximately 3 miles west of Winfield / Lakes of the Four Seasons. Phase 1 is tied into the Lake Eliza Conservancy District.
With the existing natural features and the noted lack of finalized County approvals, the property may suit an owner looking to create one or multiple home sites, subject to required approvals and planning.
Access is provided via 500 W, described as a heavily traveled road connecting US Hwy 30 to Hwy 2. The approvals and plans were not finalized with the County, allowing a new owner “unlimited options” as stated in the remarks. The property is within the Boone Grove School system and is approximately 3 miles west of Winfield / Lakes of the Four Seasons. Phase 1 is tied into the Lake Eliza Conservancy District.
With the existing natural features and the noted lack of finalized County approvals, the property may suit an owner looking to create one or multiple home sites, subject to required approvals and planning.
Key Highlights
- 94.6 acres (+/-) immediately south of Phase 1 of Prairie Landings residential subdivision (rural Valparaiso).
- Unrecorded/unfinalized Plat intended as Phase 2; approvals and plans were not finalized with the County.
- Includes a pond on the west end, plus wooded areas and open areas.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 46385, IN
41,832
Population
16,071
Households
2.6
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
80.7 sq mi
ZIP Area
518
Density / Sq Mi
$97,208
Median Household Income
$50,582
Median Earnings
$1,225
Median Rent
$305,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-acre parcel with pond, wooded areas, wetlands, and rolling topography, accessed via 500 W.
Where is this residential land & home lot located?
The property is located at 140 S 500 W Valparaiso, IN.
What are key features of this property?
This property features: 94.6 acres (+/-) immediately south of Phase 1 of Prairie Landings residential subdivision (rural Valparaiso).; Unrecorded/unfinalized Plat intended as Phase 2; approvals and plans were not finalized with the County.; Includes a pond on the west end, plus wooded areas and open areas.
