Richter St Chesterton, IN 46304
- Land
- 11.83 lot acres
Current Use by Public Records
- Land
Property Details for 0 Richter St
- Lot size
- 11.83 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chesterton
- County
- Porter
- State
- Indiana
- Longitude
- -87.0523
- Latitude
- 41.6009
