721 E. Porter Avenue (Approx.)

Description

50.65 acres fronting along the east side of State Route 49, south of Indian Boundary Road, between New York Central Railroad tracks to the north and Porter Avenue to the south. Excellent investment opportunity to hold for appreciation or to develop now. Excellent location for hotels, restaurants, retail, medical, education centers, office buildings as well as possibly some light manufacturing uses. Located in the TIFF District. Zoning is B2 Business (although 2.4 acres are zoned B3). There is a 12" water line located on the North side of Porter Avenue as well as under the railroad tracks. The property is being sold in AS IS basis. The property is currently being farmed. 2024 pay 2025 taxes $2,227.64 (assessed at farming rate).

Located in the heart of Chesterton's most active, high traffic commercial development zone, the State Road 49 corridor between I-94 and I-80/90. The site has great access to SR 49, I-94, I-80/90 Indiana Toll Road and the South Shore Railroad. The site is near Jewel/Osco, Pizza Hut, Wendy's, Speedway and future Aldi Grocery Store coming Spring 2021. Franciscan Emergency Center is a $20 million dollar freestanding emergency center just 1/2 mile north! The Franciscan Health Fitness Center 1/2 mile north. Sand Creek Country Club is located 1/2 mile east. Indian Oak Shopping Center and Walgreen's are located 1 mile to the northwest. The $210 million 5-story Porter Hospital at US 6 & SR 49 with 261 beds and over 1,500 full time employees is located only 3 miles south. Urschel Laboratories has moved its 300 employee corporate headquarters to Chesterton. Over 6 million people visit Porter County annually. The recently designated Indiana Dunes National Park alone attracted the fourth-most visitors in the nation! Just east of the Coffee Creek Preserve/Park.

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