12915 Parrish Ave Cedar Lake, IN 46303-9299

Property Details for 12915 Parrish Ave

Year built

1940

Construction

WOOD

Lot size

61.41 lot acres

Property size

24,516 SF

Property type

Hotels

Property subtype

Motels

APN

45-15-22-301-002.000-014

APU

451522301002000014

Description

This exceptional 60-acre mixed-use property in Cedar Lake, Indiana, presents a unique investment opportunity. Priced at $1,900,000, this infill site boasts 16,944 square feet of existing building space, currently zoned R2 - Residential District. The property features beautiful mature trees, rolling topography, multiple ponds, and walking trails, creating a picturesque setting. The site includes a building that has served as the Lourdes Friary for the past 80 years, offering potential for adaptive reuse. This location is ideal for a variety of developments, including residential, hospitality, or a rehabilitation facility. Possible uses also encompass non-profit, religious organizations, senior living, or medical facilities. The property enjoys convenient access to Cedar Lake's main commercial corridor and Wicker Avenue (US-41), with municipal utilities nearby. Located within the Hanover Central High School District, the site benefits from high traffic counts: 8,849 vehicles per day on 133rd Avenue and 20,801 vehicles per day on US-41. The property's Property Identification Number (PIN) is 15-15-22-301-002.000-014. Taxes are currently exempt. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a desirable location. The property consists of five buildings across two stories, with a total of 1940 units.

Location Insight

City

Cedar Lake

County

Lake

State

Indiana

Longitude

-87.4487

Latitude

41.3833

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments