0 20.91 +/- Acre Prime Visibility Development Property With Pond La Porte, IN 46350
This exceptional 20.91 +/- acre property in La Porte County, Indiana, presents a unique investment opportunity. Strategically located at the highly visible intersection of I-94 and US 421, with frontage on Frontage Road, this land boasts approximately 6 acres of water. The varied terrain offers significant development potential for commercial or residential projects, capitalizing on the growing demand in the Michigan City area. The property's high visibility ensures strong traffic exposure, making it ideal for businesses seeking maximum impact. Beyond commercial development, the expansive water feature provides recreational opportunities such as fishing and boating, adding to its versatility. The combination of prime location, ample acreage, scenic water views, and varied topography creates a rare opportunity for investors seeking a high-impact property with diverse potential uses. The property's APN is 46-05-16-301-003.000-046m. The asking price is $300,000. This land offers a blend of natural beauty and strategic positioning, making it an attractive investment for both commercial and recreational pursuits. Proximity to urban amenities and natural landscapes further enhances its appeal.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.