755 Sturdy Rd - Valparaiso University Excess Property 65 Acres of Residential Land Offered at $12,000,000 in Valparaiso, IN 46383

The subject property is in an excellent location surrounded by development and major roads. This is excess land of 65 acres (+/-) owned by Valparaiso University that has not been publicly available. There is 8 acres of US Hwy 30 frontage adjacent to this parcel for Commercial Retail development. The City is creating a new access / intersection on South end of property with a new roundabout that will provide direct access to a fully lighted intersection of US Hwy 30. An interior road will provide direct access to Sturdy Rd, likely in multiple places with the vision of mixed use compatible with the City plan. A new legal description will need to be created as the property currently consists of a mix of open area, former faculty residences, soccer and athletic fields and the baseball field and parking. It should be noted the baseball field and parking which constitutes approximately 9 acres CAN be included but that is not priced in the listing. Time to relocate the facility on campus would also be required. In the event the baseball field is not included a new legal description will be created leaving approximately 100' area around the baseball field to develop around it.
The property offers approximately 900' of frontage along Sturdy Rd which separates the University Campus from the site. There is approximately 2,100' of frontage along Silhavy Rd on the East and the North property line that spans from Sturdy Rd to Silhavy is approximately 2,575' which abuts Home Depot, Kohl's, etc. Current access off of Sturdy Rd is provided by Warbler Drive on the South and Martin Drive on the North which may be relocated with a revised master plan. Hotels are adjacent to the site as well as walking distance to Target, Menards, Aldi's and many restaurants.
It should be noted that there are 2 small parcels totaling .44 acres that are NOT included / owned by the University but individual residences.