150 Us Highway 20Chesterton, IN 46304

For Sale

39-Acre Multifamily Development Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 39-acre property in Chesterton, Indiana, presents a prime multifamily development opportunity. Located just minutes from Indiana Dunes National Park and less than an hour from downtown Chicago, this site offers unparalleled access to natural beauty and urban amenities. The eastern 17.5 acres are approved for a 318-unit Planned Unit Development (PUD), with plans ready for immediate groundbreaking. This section provides a significant opportunity to build a thriving residential community. The remaining 21.5-acre western parcel offers further development potential, envisioned for low-density multifamily and commercial uses. This allows for a diverse and potentially lucrative mixed-use development. The entire 39-acre parcel is zoned for multi-family use, providing flexibility and scalability for your project. The property's strategic location, combined with the approved PUD plans and the potential for additional development, makes this a truly exceptional investment opportunity in Northwest Indiana's thriving real estate market. This is a rare chance to capitalize on the growing demand for housing near the Indiana Dunes National Park, creating a desirable community with ample space for amenities. The approved plans for the eastern portion significantly reduce development hurdles, allowing for a swift and efficient project timeline. Don't miss this chance to build a successful and impactful development in a highly sought-after location. The address is 150 E US Hwy 20, Chesterton, IN 46304.

Highlights

  • 39-acre multifamily development site in Northwest Indiana ready for immediate construction.
  • 318-unit Planned Unit Development (PUD) approved on 17.5 acres (east portion).
  • 21.5 acres (west portion) designated for future low-density multifamily and commercial development.
  • Prime location minutes from Indiana Dunes National Park and under an hour from downtown Chicago.

Location Insight

City
Chesterton
County
Porter
State
Indiana
Latitude
41.6368957
Longitude
-87.0384479
150 Us Highway 20, Chesterton, Indiana

FAQs

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150 Us Highway 20
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