150 Us Hwy 20, Porter, IN 46304-9561
This exceptional 39-acre property in Chesterton, Indiana, presents a prime multifamily development opportunity. Located just minutes from Indiana Dunes National Park and less than an hour from downtown Chicago, this site offers unparalleled access to natural beauty and urban amenities. The eastern 17.5 acres are approved for a 318-unit Planned Unit Development (PUD), with plans ready for immediate groundbreaking. This section provides a significant opportunity to build a thriving residential community. The remaining 21.5-acre western parcel offers further development potential, envisioned for low-density multifamily and commercial uses. This allows for a diverse and potentially lucrative mixed-use development. The entire 39-acre parcel is zoned for multi-family use, providing flexibility and scalability for your project. The property's strategic location, combined with the approved PUD plans and the potential for additional development, makes this a truly exceptional investment opportunity in Northwest Indiana's thriving real estate market. This is a rare chance to capitalize on the growing demand for housing near the Indiana Dunes National Park, creating a desirable community with ample space for amenities. The approved plans for the eastern portion significantly reduce development hurdles, allowing for a swift and efficient project timeline. Don't miss this chance to build a successful and impactful development in a highly sought-after location. The address is 150 E US Hwy 20, Chesterton, IN 46304.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.