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15423301
15425479

5491 Co Rd 427, Auburn, IN 46706 For Sale

DW
IN RB14009044
BND Commercial Real Estate
Listed by BND Commercial Real Estate
$17,600,000
867 days on market
Updated 2 days ago

Heron Lake Development

Details
Property Type Land, Mixed Use
Sub Type Commercial, Residential
Acreage 306.000
Zoning C3

Land | 300 acres

Marketing description

PRICE FURTHER REDUCED on this amazing opportunity to own a mixed-use 300-acre development project in Northern Indiana! This highly unique project includes residential and commercial areas along with a 102-acre privately owned, all-sports lake. The project is properly zoned and has the first housing area completed with 10 lots sold and 26 remaining unsold.

This is a court-ordered sale being sold under bankruptcy. There is considerable due diligence available for review. Phase I was completed, and Phase 2 had begun, when the owner/developer of the property filed for bankruptcy in 2021. The completion of Phases 2 and 3 would yield 108 fully infrastructure-developed lots. There are 105 lots that need full infrastructure-completion, in order to sell, for a total of 213 collateral units.

Interested parties must register with the representing Broker and complete a Non-Disclosure Agreement before any additional information will be provided.

Investment highlights

Partially Completed Mixed-Use Development Project

Includes 102-acre Private All-Sports Lake

Listing Contacts

DW
IN RB14009044
BND Commercial Real Estate
Listed by BND Commercial Real Estate

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Additional Information

Name
David W. Nugent
License
RB14009044
Brokerage Phone
2604070900
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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