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    128 Saemann Rd Chesterton, IN 46304

    Sponsored
    For Sale
    $195,000

    1.7-Acre Industrial Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.7-acre industrial land parcel presents a unique investment opportunity in Chesterton, Indiana. Strategically located on Saemann Road, the property boasts unparalleled visibility due to its direct frontage on I-94 and proximity to the SR 49 overpass. The I-1 zoning permits light industrial use, with potential for rezoning to accommodate commercial, retail, or office developments. The existing structure requires demolition, offering a blank canvas for new construction. This prime location benefits from exceptional daily traffic counts: 56,362 vehicles on I-94 and 13,624 on SR 49. The property's convenient access to major transportation arteries, including I-94, I-80/90 (Indiana Toll Road), and the South Shore Railroad, ensures seamless logistics. Its proximity to established businesses, including Jewel-Osco, K-Mart, and various restaurants, further enhances its appeal. The area also benefits from significant healthcare infrastructure, including St. Anthony Hospital's emergency center and the new Porter Hospital, a 261-bed facility employing over 1,500 people. The property's location near Urschel Laboratories' corporate headquarters and the Indiana Dunes National Park adds to its desirability. 2023 payable 2024 property taxes are $1,601.64. The APN is 64-04-30-376-001.000-023. This site is ideal for a new billboard, offering significant advertising potential. The asking price is $195,000.

    Property Features for 128 Saemann Rd

    General Information

    Property type
    Land
    Lot Size
    74,052 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterton
    County
    Porter
    State
    Indiana
    Longitude
    -87.0427126
    Latitude
    41.6258077

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    FAQs

    What type of property is this?
    Land - 1.7-Acre Industrial Lot, High Visibility
    Where is this land located?
    The property is located at 128 Saemann Rd Chesterton, IN.
    What is the asking price?
    The asking price for this property is $195,000.
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    128 Saemann Rd Chesterton, IN 46304
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    Chesterton, IN 46304
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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
    128 Saemann Rd Chesterton, IN 46304
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