Your email has been sent.
5772 Lute Rd
Portage, IN 46368
LUTE LAND – PORTAGE TOWNSHIP (GARYTON AREA) · Land For Sale
·
63.13 AC
Investment Highlights
- Transportation Access: Located minutes from I-94 and I-65, providing strong regional connectivity.
- Population Base: Approximately 150,000 200,000 residents within a 15-mile radius across Porter and Lake Counties.
- Industrial Growth: Continued investment in warehousing, logistics, and industrial redevelopment along the I-65 and I-94 corridors.
- Industrial Corridor Proximity: Situated near the Gary, Portage, and Merrillville industrial and logistics submarkets.
- Economic Drivers: The region is anchored by logistics, steel, manufacturing, and distribution employment centers.
- Chicago Access: Approximately 45–60 minutes from downtown Chicago.
Executive Summary
diligence regarding zoning, utilities, and future land use.
Property Facts Under Contract
| Sale Type | Investment or Owner User | Property Subtype | Agricultural |
| No. Lots | 1 | Proposed Use | Agricultural |
| Property Type | Land | Total Lot Size | 63.13 AC |
| Zoning | AGRICULTURAL / RURAL RESI - AGRICULTURAL / RURAL RESIDENTIAL | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | Agricultural |
| Total Lot Size | 63.13 AC |
| Zoning | AGRICULTURAL / RURAL RESI - AGRICULTURAL / RURAL RESIDENTIAL |
1 Lot Available
Lot
| Price | $750,000 | Lot Size | 63.13 AC |
| Price Per AC | $11,880.25 |
| Price | $750,000 |
| Price Per AC | $11,880.25 |
| Lot Size | 63.13 AC |
Exceptional 64-acre land offering consisting of four contiguous parcels in Portage, Indiana. Currently farmed, the property includes one residential parcel and three agricultural parcels.
Description
Exceptional 64-acre land offering consisting of four contiguous parcels in Portage, Indiana. Currently farmed, the property includes one residential parcel and three agricultural parcels. Situated amid significant residential and multifamily development, the site benefits from its strategic location near established apartment communities, neighborhoods, and major transportation routes. Whether maintained for agricultural use, held as an investment, or evaluated for future development opportunities, this property presents a rare large-acreage acquisition opportunity in a growing market.
Property Taxes
| Parcel Numbers | Improvements Assessment | $15,700 | |
| Land Assessment | $200,800 | Total Assessment | $216,500 |
Property Taxes
