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5491 Cord Pl Auburn, IN 46706

Sponsored
For Sale
$19,500,000

306-Acre Mixed-Use Development, Court Sale

Description

Added:
Dec 11, 2024
Days on Market:
391
Exceptional opportunity to acquire the Heron Lake Development, a 306-acre mixed-use property in DeKalb County, Indiana, near Auburn (zip code 46706). This unique project boasts a 102-acre private all-sports lake and is zoned C3. The development is partially complete, with Phase 1 finished and Phase 2 underway before the owner's 2021 bankruptcy filing. Currently, 10 residential lots have been sold, leaving 26 unsold lots in the completed phase. Completion of Phases 2 and 3 would add 108 fully developed lots, resulting in a total of 213 potential residential units. However, 105 lots require infrastructure completion before sale. This court-ordered sale presents a significant investment opportunity. Extensive due diligence materials are available for review upon request. The asking price for this substantial land holding is $19,500,000. Interested parties should be prepared to provide proof of financial capability and execute a Non-Disclosure Agreement.

Property Features for 5491 Cord Pl

General Information

Property type
Mixed-use properties
Lot Size
13,329,360 SF

HighLights

  • Partially completed mixed‑use development.
  • Features a 102‑acre private all‑sports lake.
Property Profile Location Intelligence

Current Use by Public Records

D.A. Brown Engineering ... Engineering Consultant

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Auburn
County
DeKalb
State
Indiana
Longitude
-85.0746841
Latitude
41.3313833

FAQs

What type of property is this?
Mixed-use property - 306-Acre Mixed-Use Development, Court Sale
Where is this mixed-use property located?
The property is located at 5491 Cord Pl Auburn, IN.
What is the asking price?
The asking price for this property is $19,500,000.
What are key features of this property?
This property features: Partially completed mixed-use development.; Features a 102-acre private all-sports lake.;
More about this property
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