601 N Wisconsin St, Hobart, IN 46342 For Sale

Located in a newly created Tax Increment Financing District and approximately 2 blocks south of the Route 6 and Wisconsin signalized intersection, the Cressmoor Estates PUD consists of 435 residential dwellings under construction by DR Horton. Phases 14 & 15 of the PUD are approved for the development of self storage and retail/residential uses.

Phase 14 is fully engineered and approved for up to 26 flexible retail and office spaces with second floor residential rental units with rear garages and entries. The total square footage approved is 42,896 square feet of retail and office uses with 24 +/- 1,610 sf second floor residential units. Phase 14 is fully engineered with off-site retention. A less intensive modification to the PUD may be considered by the municipality to include single tenant stand-alone structures or smaller retail strip centers. An existing +/- 3,316 square foot structure is on site occupied by a month-to-month tenant along with a small pole barn. The cost to demolish the existing structures was considered in the offering price.

Phase 15 is approved for up to 38,000 total square feet of residential mini-warehouse self-storage. Ingress/egress is provided through Phase 14. Final engineering and plat will be required for Phase 15.

Seller may consider selling Phases 14 and 15 separately.