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1022 Old State Rd - State Road 49 Toll Road Development Site 1.44 Acres of Commercial Land Offered at $389,000 in Chesterton, IN 46304
Investment Highlights
- Property can be annexed into Chesterton with a zoning change for potential uses as a restaurant, convenience store, gas station or medical
Executive Summary
Property is located in unincorporated Porter County (Liberty Township).
Current zoning is R1.
Potential annexation into the Town of Chesterton with a zoning change.
Approximately 34,000 vehicles per day on State Road 49.
Strong redevelopment opportunity for retail, medical, office, hospitality, or mixed-use.
Excellent regional access via I-80/90 and State Road 49.
Property Facts
| Price | $389,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.44 AC |
| Property Type | Land | ||
| Zoning | R-1 - Single-Family Residential Zoning District | ||
| Price | $389,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.44 AC |
| Zoning | R-1 - Single-Family Residential Zoning District |
1 Lot Available
Lot
| Price | $389,000 | Lot Size | 1.44 AC |
| Price Per AC | $270,326.62 |
| Price | $389,000 |
| Price Per AC | $270,326.62 |
| Lot Size | 1.44 AC |
Description
1.44-acre corner development opportunity ideally located just north of the Indiana Toll Road (I-80/90) interchange at the northwest corner of State Road 49 and County Road 100 East in unincorporated Porter County (Liberty Township). Situated within the Chicago MSA, this highly visible site benefits from approximately 34,000 vehicles per day on State Road 49 and is surrounded by a growing mix of national retailers, hotels, medical offices, and professional services. The property is currently zoned R1 but offers the potential for annexation into the Town of Chesterton with a commercial zoning change, making it well suited for a variety of future commercial or mixed-use developments. Nearby businesses include Dunkin', Chipotle, Culver's, Hilton Garden Inn, Bob Evans, AJ's Pizza, medical offices, law offices, and other established commercial users. Property Highlights 1.44-acre corner development site Northwest corner of State Road 49 & County Road 100 East Just north of the Indiana Toll Road (I-80/90) interchange Approximately 34,000 VPD on State Road 49 Located within the Chicago MSA Potential for annexation into Chesterton and commercial rezoning Surrounded by national retailers, restaurants, hotels, medical and professional office users Excellent visibility and access
Property Taxes
| Parcel Number | 64-07-07-301-018.000-006 | Improvements Assessment | $0 |
| Land Assessment | $28,200 | Total Assessment | $28,200 |
Property Taxes
Presented by
1022 Old State Rd - State Road 49 Toll Road Development Site
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