Investment And Development Opportunity In Prime Location With Highway Frontage
Media
Summary
Property
- Type
- Farms, Undeveloped Land, Commercial Land
- Road Frontage
- State Highway
- Road Surface
- Pavement
Land Details
- Tillable
Approximate Distances
| 38 mi | to Chicago, IL |
| .5 mi | to Interstate 94 |
| 4 mi | to Interstate 80/90 |
| 35 mi | to Illinois State Border |
| 6 mi | to Michigan State Border |
Utilities
| Electric: | Onsite |
| Gas: | Nearby |
| Sewer: | Nearby |
| Water: | Nearby |
| Internet: | Onsite |
| Cable: | Onsite |
| Telephone: | Onsite |
Description
This historic 60+ acre family-owned farm property in Michigan City, Indiana, presents a great opportunity for those seeking to capitalize on the growing demand for real estate with an investment and development property in a high-visibility location. It’s strategically located off a traffic light-controlled four-way stop. It has road frontage on both US Highway 20 and Johnson Road, with a major gas and convenience store retail store already established at that intersection. Logistics and transportation will not be a big concern with the frontage on a designated primary truck route and close proximity to Interstate 94 and 80/94. Utility services, electric, internet and fiber optics near the site and there are commitments to help with municipal sewer and water service as well as planning, zoning, and permitting from the local economic development entities. The sellers will also be reasonably considerate of a buyer’s requirements and timeframes in the purchase process.
LaPorte County offers at least twenty different incentives, including project financing support, access to trade zones, land acquisition and site preparation assistance, fast-track permitting process, utilities, workforce development training and more. There is already dedicated support from the community and local organizations for projects to bolster economic development and growth. Dynamic residential or mixed-use projects, commercial ventures, offices, retail, shopping, and grocery stores, as well as medical facilities and restaurants, are all great possibilities. Public or community service facilities, education, parks, recreation, or land conservation ventures are also worthy considerations. Any Buyers, Investors, Developers, or Businesses keen on tapping into an area with promising economic growth and with city, county and state support and incentives available will find this property a strategic and promising choice for various potential development opportunities.
As Michigan City and LaPorte County continue to attract attention for its growth and development, this property positions itself as an ideal investment. An important consideration for a potential buyer is the current income from farm rent and a billboard lease on the property. The conservative but consistent return and current agricultural zoning provide some tax advantages and offset ownership costs when the property is ready to be developed. Call the listing agent for the best and most detailed information about this great investment and development opportunity.
Details
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Located in an area of commercial and residential development and private investment
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Prime frontage on US Highway 20 and Johnson Road on a heavy truck route
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Near major travel corridors, train spur and new tri-rail commuter line with easy access to Chicago and surrounding states
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Opportunity for local, county and state tax and economic development incentives with public and private support
Area Info
Other
Coordinates
41.6868, -86.854
Annual Taxes
$1,114
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.
