300-Acre Mixed-Use Development
5491 Co Rd 427, Auburn, IN 46706
For Sale
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Mixed-use development project with residential, commercial areas, and a lake.
Property SizeContact for details
Lot Size300.00 Acres
Days on Market984
Property Features for 5491 Co Rd 427
General Information
Standard status
Lot size
Property subtype
Zoning
Listing Agency:
BND Commercial Real Estate
Listed By:
David W. Nugent · License IN RB14009044
(260) 407-7113
Source:
Crexi
Added: Mar 6, 2024
Changed: Oct 25
Last Checked: Aug 14 at 5:58AM
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 BND Commercial Real Estate
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Investment Insights
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This 300-acre mixed-use development project in Northern Indiana presents an opportunity for residential and commercial development, featuring a 102-acre privately owned, all-sports lake. The project is zoned appropriately and includes a completed first housing area with 10 lots sold and 26 remaining unsold. Phase I is complete, and Phase 2 had begun before the owner filed for bankruptcy in 2021. Completion of Phases 2 and 3 would yield 108 fully infrastructure-developed lots. There are 105 lots that need full infrastructure completion, for a total of 213 collateral units. Interested parties must register with the representing Broker and complete a Non-Disclosure Agreement before any additional information will be provided.
Key Highlights
- 300‑acre mixed‑use development project with residential and commercial areas.
- Includes a 102‑acre privately owned, all‑sports lake.
- Project is properly zoned and has an initial housing area already completed with 10 lots sold.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
11
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Demographics for 46706, IN
19,995
Population
8,336
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
87.9 sq mi
ZIP Area
227
Density / Sq Mi
$76,288
Median Household Income
$43,617
Median Earnings
$829
Median Rent
$194,900
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Land - Mixed-use development project with residential, commercial areas, and a lake.
Where is this land located?
The property is located at 5491 Co Rd 427 Auburn, IN.
What is the asking price?
The asking price for this property is $17,600,000.
What are key features of this property?
This property features: 300‑acre mixed‑use development project with residential and commercial areas.; Includes a **102‑acre privately owned, all‑sports lake.**; Project is properly zoned and has an initial housing area already completed with 10 lots sold.
