Prime Commercial Land
For Sale
Contact for pricing
Pending
721 E Porter Ave, Chesterton, IN 46304
50.65 acres in Chesterton's high-traffic commercial zone.
Property SizeContact for details
Lot Size50.65 Acres
Days on Market148
Property Features for 721 E Porter Ave
General Information
Standard status
Pending
Lot size
50.65 Acres
Property subtype
Land
Zoning
B2/B3
Listing Agency:
Commercial In-Sites LLC
(219) 795-1100
Listed By:
David Lasser · License #IN RB14026085
Source:
Crexi
Added: Mar 26
Changed: Aug 15
Last Checked: Aug 19 at 5:13PM
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 Commercial In-Sites LLC
Investment Insights
Based on property information with market context.
This 50.65-acre property fronts the east side of State Route 49, south of Indian Boundary Road, and is situated between the New York Central Railroad tracks to the north and Porter Avenue to the south. It presents an investment opportunity for appreciation or development. The location is suitable for hotels, restaurants, retail, medical facilities, education centers, and office buildings, with potential for light manufacturing uses. The property is located in the TIFF District and is zoned B2 Business, with 2.4 acres zoned B3. A 12" water line is located on the North side of Porter Avenue and under the railroad tracks. The property is being sold AS IS and is currently being farmed. The 2024 pay 2025 taxes are $2,227.64, assessed at the farming rate. The site offers access to SR 49, I-94, I-80/90 Indiana Toll Road, and the South Shore Railroad. Nearby establishments include Jewel/Osco, Pizza Hut, Wendy's, and Speedway, with a future Aldi Grocery Store planned for Spring 2021. The Franciscan Emergency Center is located 1/2 mile north, as is the Franciscan Health Fitness Center. Sand Creek Country Club is 1/2 mile east, while Indian Oak Shopping Center and Walgreen's are 1 mile to the northwest. The Porter Hospital at US 6 & SR 49 is 3 miles south. Urschel Laboratories has moved its corporate headquarters to Chesterton. The site is located just east of the Coffee Creek Preserve/Park.
Key Highlights
- Prime location on State Road 49, a high‑traffic commercial zone in Chesterton, between I‑94 and I‑80/90.
- Excellent investment opportunity for appreciation or development; suitable for hotels, restaurants, retail, medical, education, office, or light manufacturing.
- Located in a TIFF District with B2 Business zoning (with 2.4 acres zoned B3).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 46304, IN
26,835
Population
11,521
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
96%
High-School Grad
57.8 sq mi
ZIP Area
464
Density / Sq Mi
$88,551
Median Household Income
$52,704
Median Earnings
$1,169
Median Rent
$278,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 50.65 acres in Chesterton's high-traffic commercial zone.
Where is this commercial land located?
The property is located at 721 E Porter Ave Chesterton, IN.
What is the asking price?
The asking price for this property is $3,888,000.
What are key features of this property?
This property features: Prime location on State Road 49, a high‑traffic commercial zone in Chesterton, between I‑94 and I‑80/90.; Excellent investment opportunity for appreciation or development; suitable for hotels, restaurants, retail, medical, education, office, or light manufacturing.; Located in a TIFF District with B2 Business zoning (with 2.4 acres zoned B3).
