Technical
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Property profile

721 Porter Ave Chesterton, IN 46304

OFF-MARKET
Land
50.65 ac lot
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Property summary

AI-generated overview

This exceptional 50.65-acre commercial land parcel in Chesterton, Indiana, presents a remarkable investment opportunity. Strategically located along the east side of State Route 49, south of Indian Boundary Road, this property boasts high visibility and accessibility. The site benefits from B2/B3 zoning, allowing for a diverse range of development options, including hotels, restaurants, retail spaces, medical facilities, educational centers, office buildings, and potentially some light manufacturing. Its prime location within Chesterton's thriving commercial corridor, between I-94 and I-80/90, ensures exceptional exposure to a large customer base. The property enjoys convenient access to major transportation arteries, including SR 49, I-94, I-80/90 Indiana Toll Road, and the South Shore Railroad. Nearby amenities include established businesses such as Jewel/Osco, Pizza Hut, Wendy's, Speedway, and a future Aldi Grocery Store. Significant healthcare infrastructure is also in close proximity, including a Franciscan Emergency Center and Fitness Center. Further enhancing its appeal, the property is situated near Sand Creek Country Club, Indian Oak Shopping Center, Walgreens, and the new Porter Hospital. The property is currently farmed, with 2023-2024 taxes assessed at $1,934.36 (farming rate). A 12" water line is conveniently located on the north side of Porter Avenue and under the railroad tracks. The property is being sold "as is." This is an ideal opportunity for developers seeking a high-impact location with significant growth potential in a rapidly expanding area. The property's location within Porter County, a region attracting over 6 million visitors annually, including those visiting the Indiana Dunes National Park, further underscores its investment value.

Property profile

Verified
Property type Land
Lot 50.65 ac (2,206,314 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

721 Porter Ave Chesterton, IN 46304
Chesterton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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