200 Chesterton, IN 46383
- Specialty properties
- 24.32 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 0 200
- Lot size
- 24.32 lot acres
- Property type
- Specialty properties
- APN
- 64-07-17-100-007.000-027
- APU
- 640717100007000027
Description
This exceptional 73-acre property in Valparaiso, Indiana, presents a unique investment opportunity. Currently zoned A1 - General Agricultural District, this multi-use land offers significant flexibility for various development projects. The property is divisible into three parcels: a 20-acre parcel (APN 64-07-31-276-001.000-006), a 49-acre parcel (APN 64-07-31-226-002.000-006), and a 4-acre parcel (APN 64-07-31-226-001.000-006). The asking price is $1,095,000, translating to $15,000 per acre. Located in Porter County, near Chesterton, with convenient access via N 200 E, this land boasts high potential for diverse uses. The Indiana Department of Transportation (INDOT) is currently in discussions with the current owners regarding the possibility of an on/off ramp, which could significantly enhance the property's value and accessibility. Ideal for owner-users, high or low-intensity commercial ventures, multi-family residential development, or single-family residential projects, this versatile land parcel offers substantial upside potential for the discerning investor. The zoning is adaptable to suit the buyer's specific needs. This is a rare opportunity to acquire a large tract of land in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chesterton
- County
- Porter
- State
- Indiana
- Longitude
- -87.0256
- Latitude
- 41.5733
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
