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    200 Chesterton, IN 46383

    Sponsored
    For Sale
    $1,095,000

    73 Acres, $1.095M, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 73-acre property in Valparaiso, Indiana, presents a unique investment opportunity. Currently zoned A1 - General Agricultural District, this multi-use land offers significant flexibility for various development projects. The property is divisible into three parcels: a 20-acre parcel (APN 64-07-31-276-001.000-006), a 49-acre parcel (APN 64-07-31-226-002.000-006), and a 4-acre parcel (APN 64-07-31-226-001.000-006). The asking price is $1,095,000, translating to $15,000 per acre. Located in Porter County, near Chesterton, with convenient access via N 200 E, this land boasts high potential for diverse uses. The Indiana Department of Transportation (INDOT) is currently in discussions with the current owners regarding the possibility of an on/off ramp, which could significantly enhance the property's value and accessibility. Ideal for owner-users, high or low-intensity commercial ventures, multi-family residential development, or single-family residential projects, this versatile land parcel offers substantial upside potential for the discerning investor. The zoning is adaptable to suit the buyer's specific needs. This is a rare opportunity to acquire a large tract of land in a rapidly growing area.

    Property Features for 0 200

    General Information

    Property type
    Farms
    Lot Size
    3,179,880 SF

    HighLights

    • 73‑acre multi‑use land in Valparaiso, Indiana, priced at $1,095,000 ($15,000/acre).
    • Currently zoned A1 - General Agricultural, offering flexibility for various development projects.
    • Divisible into three parcels: 20 acres (APN 64‑07‑31‑276‑001.000‑006), 49 acres (APN 64‑07‑31‑226‑002.000‑006), and 4 acres (APN 64‑07‑31‑226‑001.000‑006).
    • INDOT is exploring a potential on/off ramp nearby, increasing accessibility and value.
    • Suitable for owner‑users, high/low‑intensity commercial, multi‑family residential, or single‑family residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Chesterton
    County
    Porter
    State
    Indiana
    Longitude
    -87.0273539
    Latitude
    41.5425347

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    FAQs

    What type of property is this?
    Farm - 73 Acres, $1.095M, High Potential
    Where is this farm located?
    The property is located at 200 Chesterton, IN.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: 73-acre multi-use land in Valparaiso, Indiana, priced at $1,095,000 ($15,000/acre).; Currently zoned A1 - General Agricultural, offering flexibility for various development projects.; Divisible into three parcels: 20 acres (APN 64-07-31-276-001.000-006), 49 acres (APN 64-07-31-226-002.000-006), and 4 acres (APN 64-07-31-226-001.000-006).
    Request Owner's contact information
    200 Chesterton, IN 46383
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    Chesterton, IN 46383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Chesterton, IN 46383
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