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Property profile & analytics
OFF-MARKET
Land

330 Indian Boundary Rd Chesterton, IN 46304

56.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 56.12-acre property in Chesterton, Indiana, presents a unique mixed-use development opportunity. The land is comprised of two parcels: a 14-acre Business 3 zoned section and a 20-acre Residential 3 zoned section. The Business 3 zoning offers significant potential for commercial ventures, enhanced by its stunning location on 22.12 acres of Chubb Lake, providing picturesque waterfront views and possibilities for lake-related businesses. The adjacent 20-acre Residential 3 zoned parcel allows for residential development, creating a natural buffer and balance between commercial and residential uses. This strategic zoning combination allows for flexibility in developing a mixed-use project. The property boasts convenient access to major transportation routes, being located just half a mile from the Indian Boundary and State Road 49 exit. Its proximity to numerous amenities, including the Allure Banquet, Allure Lakeside Inn, and Best Western Indian Oak Hotel, provides added value and convenience. Furthermore, the property's location near the north side of Chubb Lake places it within easy reach of several national retailers such as Walgreens, McDonald's, Jimmy John's, Dairy Queen, Domino's Pizza, Taco Bell, and Dollar Tree, further solidifying its prime business development potential. The Indiana Dunes National Park is only three miles away. The 2024 property taxes are $2,603. The property is approximately 1.5 miles from Interstate 94. This is a rare opportunity to acquire a substantial parcel of land with diverse zoning and exceptional location. Asking price is $1,275,000.

Property profile
Verified
Property type Land
Lot 56.12 ac (2,444,587 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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