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150 Us Hwy 20 Chesterton, IN 46304

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39-Acre Multifamily Development Opportunity

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 39-acre property in Chesterton, Indiana, presents a prime multifamily development opportunity. Located just minutes from Indiana Dunes National Park and less than an hour from downtown Chicago, this site offers unparalleled access to natural beauty and urban amenities. The eastern 17.5 acres are approved for a 318-unit Planned Unit Development (PUD), with plans ready for immediate groundbreaking. This section provides a significant opportunity to build a thriving residential community. The remaining 21.5-acre western parcel offers further development potential, envisioned for low-density multifamily and commercial uses. This allows for a diverse and potentially lucrative mixed-use development. The entire 39-acre parcel is zoned for multi-family use, providing flexibility and scalability for your project. The property's strategic location, combined with the approved PUD plans and the potential for additional development, makes this a truly exceptional investment opportunity in Northwest Indiana's thriving real estate market. This is a rare chance to capitalize on the growing demand for housing near the Indiana Dunes National Park, creating a desirable community with ample space for amenities. The approved plans for the eastern portion significantly reduce development hurdles, allowing for a swift and efficient project timeline. Don't miss this chance to build a successful and impactful development in a highly sought-after location. The address is 150 E US Hwy 20, Chesterton, IN 46304.

Property Features for 150 Us Hwy 20

General Information

Property type
Land

HighLights

  • 39‑acre multifamily development site in Northwest Indiana ready for immediate construction.
  • 318‑unit Planned Unit Development (PUD) approved on 17.5 acres (east portion).
  • 21.5 acres (west portion) designated for future low‑density multifamily and commercial development.
  • Prime location minutes from Indiana Dunes National Park and under an hour from downtown Chicago.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Storage Facility Daycare Center Travel Agency

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

Location Insight

  • Map
  • Local Demand
City
Chesterton
County
Porter
State
Indiana
Longitude
-87.0384479
Latitude
41.6368957

FAQs

What type of property is this?
Land - 39-Acre Multifamily Development Opportunity
Where is this land located?
The property is located at 150 Us Hwy 20 Chesterton, IN.
What are key features of this property?
This property features: 39-acre multifamily development site in Northwest Indiana ready for immediate construction.; 318-unit Planned Unit Development (PUD) approved on 17.5 acres (east portion).; 21.5 acres (west portion) designated for future low-density multifamily and commercial development.
More about this property
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