0 Calumet AvePorter, IN 46304

This exceptional investment opportunity presents a shovel-ready, approved 42-unit senior patio home rental development in Chesterton, Indiana. Located on an 11.82-acre parcel at 46304 Calumet Avenue, this Class A project boasts pre-approved plans and permits from the Town of Chesterton, the State of Indiana, and essential utility providers including Indiana American Water and NIPSCO Gas & Electric. Detailed construction and engineering drawings are included, along with a concept plan for ranch-style patio homes. The site features municipal water, sanitary sewer, and fiber optic connectivity. The total land area is 514,879 square feet, with a net rentable area of 53,802 square feet. The asking price is $1,250,000, representing a price per square foot of $2.43 and a price per unit of $29,761.90. The land value alone is $2.81 per square foot. This B-3 zoned property offers a unique value-add opportunity for new development in a high-demand market. All necessary approvals are in place, making this a truly turnkey project ready for immediate construction. The project includes a community building as part of the approved plans.