This exceptional 12.86-acre commercial land parcel is ideally situated in Porter, Indiana, just off US-20 and IN-49. Boasting a B-3 zoning designation, this property offers unparalleled versatility for a wide range of commercial developments, including retail, office, restaurant, hotel, and entertainment ventures. The site features over 650 feet of frontage along US-20, ensuring high visibility and significant traffic exposure. Its prime location benefits from easy access to major highways and proximity to the thriving Northwest Indiana region, attracting approximately 5 million annual visitors to the nearby Indiana Dunes National Park. This presents a remarkable investment opportunity for businesses seeking to capitalize on the area's robust growth and substantial tourism. The asking price is $795,000. This property is a rare find, offering a unique blend of location, zoning, and size, making it an exceptional opportunity for commercial development. The 46304 zip code further underscores its strategic position within a dynamic and expanding market.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.