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    Property profile & analytics
    OFF-MARKET Estimated value $975,000
    Commercial land

    150 Us Hwy 20, Porter, IN 46304-9561

    12,366 SF 17.52 ac lot Built 1995
    Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0875493
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1995
    Construction CONCRETE
    Total area 12,366 SF
    Lot 17.52 ac (763,128 SF)
    APN 64-03-25-107-001.000-026
    UPID US31-0875493
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $995k
    Blend (final) Blend
    $975k
    Owner & transaction history
    White Stallion Lc · 13 yrs held
    White Stallion Lc
    since 2012
    7 recorded transactions
    2012
    2010
    $1.6M
    2009
    2004
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.3M +8.7%
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