5491 County Road 427 Auburn, IN 46706
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306-Acre Mixed-Use Development, Court Sale
Property Features for 5491 County Road 427
General Information
- Property type
- Mixed-use properties
- Lot Size
- 13,329,360 SF
Listing Agent: David W. Nugent
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.0746841
- Latitude
- 41.3313833
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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 County Road 427 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.;