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N 50 W - Development land in Opportunity Zone 25.4 Acres of Commercial Land in West Lafayette, IN 47906

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Investment Highlights

  • Located in a Qualified Census Tract and Opportunity Zone
  • Rapidly growing and affluent area
  • Excellent schools
  • Served by Utilities
  • In path of major road extension and several major economic development projects

Executive Summary

The offering consists of +/- 25.397 acres of General Business zoned land in one of Tippecanoe County's fastest growing submarkets. Utilities are at, or nearby, GB zoning is in place, and a new road is planned to be constructed in 2026 along the northern property line.

Attachments

Land Survey

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Master Planned Community
Total Lot Size 25.40 AC
Opportunity Zone Yes
Zoning GB

1 Lot Available

Lot

Lot Size 25.40 AC

Approximately 350 acres comprised of multiple parcels in the area of N 500 W and W 50 N in West Lafayette. The land has been master planned for various land uses and can be sold off as smaller tracts. See Offering Memorandum for more information.

Description

The subject property is in rapidly growing northern Tippecanoe County, it provides a generational commercial development opportunity surrounded by billions of dollars in development. Directly to the south of the subject property, SKHynix plans to build a $3.87 to $4 billion semiconductor facility that will eventually create over 1,000 tech jobs. Construction is slated to start in 2026. To the west of the site, over 500 apartments are in various stages of construction (most vertical construction is complete). To the north, 345 acres has recently sold to a development group that will build Millbrook. Millbrook will be Tippecanoe County’s largest development in decades, approved for over 700 houses and several hundred multifamily units. The immediate area is also already home to some of the best-selling residential communities in the area. Within two miles of the subject property, there are also two major hospital projects planned. Parkview Health plans to build a $200 million medical campus that will include 40 beds initially, with room to add 40 additional beds, and a comprehensive offering of medical services. IU Health has plans to build in the immediate area as well. The land further benefits from lying less than two miles from shopping, Interstate 65, three miles from Purdue University, connectivity to excellent trail systems, fire protection, and the state of the art $32,000,000 West Lafayette Wellness Center.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 79-03-31-326-002.000-023
  • 79-02-36-200-012.000-023
  • 79-02-36-200-006.000-023
  • 79-02-36-200-007.000-023
  • 79-03-31-100-001.000-023
  • 79-02-36-100-005.000-023
  • 79-02-36-200-013.000-023
  • 79-03-31-300-001.000-023
  • 79-03-31-151-001.000-023
  • 79-02-36-100-001.000-023
Land Assessment
$922,600
Improvements Assessment
$0
Total Assessment
$922,600
  • Listing ID: 25265295

  • Date on Market: 3/16/2022

  • Last Updated:

  • Address: N 50 W, West Lafayette, IN 47906

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