5491 Cord Pl Auburn, IN 46706
- Mixed-use properties
- 306.00 lot acres
Current Use by Public Records
- D.A. Brown Engineering Consultants / Engineering Consultant
Property Details for 5491 Cord Pl
- Lot size
- 306.00 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
Exceptional opportunity to acquire the Heron Lake Development, a 306-acre mixed-use property in DeKalb County, Indiana, near Auburn (zip code 46706). This unique project boasts a 102-acre private all-sports lake and is zoned C3. The development is partially complete, with Phase 1 finished and Phase 2 underway before the owner's 2021 bankruptcy filing. Currently, 10 residential lots have been sold, leaving 26 unsold lots in the completed phase. Completion of Phases 2 and 3 would add 108 fully developed lots, resulting in a total of 213 potential residential units. However, 105 lots require infrastructure completion before sale. This court-ordered sale presents a significant investment opportunity. Extensive due diligence materials are available for review upon request. The asking price for this substantial land holding is $19,500,000. Interested parties should be prepared to provide proof of financial capability and execute a Non-Disclosure Agreement.
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
- Auburn
- County
- DeKalb
- State
- Indiana
- Longitude
- -85.0747
- Latitude
- 41.3314
