0 Dickinson Rd Chesterton, IN 46304
This exceptional 6.61-acre parcel of vacant land presents a remarkable redevelopment opportunity in Chesterton, Indiana. Located within Phase 5 of the Sand Creek Planned Unit Development (PUD), this relatively flat site offers significant potential for multifamily development, such as duplexes or townhomes. The property's location just outside the gates of Sand Creek provides convenient access to amenities while benefiting from a highly desirable school district. The scarcity of rental options in the area further underscores the strong market demand for this type of development. Existing utilities are readily available, simplifying the construction process. The property's zoning within the Sand Creek PUD allows for the construction of multifamily dwellings. This is a rare opportunity to acquire a sizable, well-situated commercial lot with excellent potential for substantial returns. There is also the possibility of acquiring an additional 2 acres, expanding the development potential even further. The asking price for this 6.61-acre parcel is $495,000. The property is located on Dickinson Rd, Chesterton, IN 46304, in Porter County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.