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Richter St Chesterton, IN 46304

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For Sale
$1,250,000

Approved 42-unit senior housing development.

Property Features for 0 Richter St

General Information

Property type
Land
Lot Size
515,315 SF

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Listing Contact
Reid Bennett, Ccim
Reid Bennett, Ccim

Listing Agency: SVN | Chicago Commercial Listing Agent: Reid Bennett, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 11.83-acre parcel in Chesterton, Indiana, presents a turnkey opportunity for senior housing development. Located at the intersection of Richter Street and Calumet Road (APN 64-06-01-426-001.000-023), this B3-zoned land boasts all necessary approvals and construction drawings for a 42-unit active adult community. The project encompasses 42 ranch-style patio homes, each featuring 1,281 square feet of living space, two bedrooms, two bathrooms, a chef's kitchen with pantry, four closets, and a two-car garage (approximately 464 square feet). The development is designed for residents aged 55 and older. Municipal and state approvals are in place, and engineering drawings are complete. The site benefits from readily available municipal water and sanitary sewer connections. This is a rare opportunity to acquire a fully permitted and meticulously planned senior housing development, ready for immediate construction. The asking price for this exceptional property is $1,250,000. This represents a significant investment opportunity in a rapidly growing market.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Chesterton
County
Porter
State
Indiana
Longitude
-87.052287
Latitude
41.6009106

FAQs

What type of property is this?
Land - Approved 42-unit senior housing development.
Where is this land located?
The property is located at Richter St Chesterton, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approved senior housing development with 42 patio home units and a community building.; Active adult community for residents aged 55+.; Fully approved by the municipality and the State of Indiana; construction drawings approved.
More about this property
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