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30118018
30118019

Calumet Avenue, Chesterton, IN 46304

JN
IN IN RB14039241, IL 475156226
Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors
$900,000
93 days on market
Updated 93 days ago

11.83 Acres Commercial Land for Investment / Development

Details
Property Type Land
Sub Type Commercial, Residential
Acreage 11.830
Zoning B-3

11.83 Acres | Prime Commercial Land | Downtown Chesterton, IN

Investment highlights

· Largest In-Fill Vacant Commercial Parcel in Downtown Chesterton — A genuinely rare opportunity to acquire 11.83 acres of contiguous, development-ready land within an established urban commercial corridor; sites of this scale and location are effectively irreplaceable in Chesterton's market

· Exceptional Value Relative to Market Comparables — At $76,079 per acre, the property is priced competitively against far smaller Porter County commercial land listings, most of which are 1–3 acre parcels trading at higher per-acre rates with fewer permitted uses and inferior locations

· Broad B-3 Zoning Supports Multiple High-Demand Uses — The Business District designation accommodates a wide range of development options including senior housing, medical, retail, hospitality, institutional, and automotive uses — maximizing a developer's ability to match the site to the market's strongest demand

· Superior Regional Connectivity — Direct interchange access to both I-94 and the I-80/I-90 Indiana Toll Road, plus walkable proximity to South Shore Line commuter rail at Dune Park Station, providing convenient connectivity to the broader Chicago Metro market

· Strong and Accelerating Market Demographics — Porter County and the Chesterton trade area are experiencing sustained population growth, rising household incomes, and measurable in-migration from Illinois and the Chicago Metro, driven by lower taxes, lower cost of living, and exceptional quality of life

· Quality-of-Life Destination Market — Proximity to Indiana Dunes National Park and Lake Michigan anchors Chesterton's identity as one of NW Indiana's most desirable communities, supporting long-term demand for commercial, retail, hospitality, and residential development

· Prominent Calumet Avenue Frontage — High-visibility location on Chesterton's primary commercial corridor with excellent accessibility and exposure to local and regional traffic

· Shovel-Ready Infrastructure Access — Utilities including municipal water, sanitary sewer, gas, electric, and high-speed internet are available to the site, reducing pre-development time and cost

· Chicago Metro Proximity Without Chicago Costs — Located approximately 50 miles from downtown Chicago, the property benefits from regional market scale while offering NW Indiana's significantly lower land costs, tax burden, and regulatory environment

· Documented Unmet Demand for Senior Housing — Porter County has been independently identified as an Age-Restricted Housing Desert, with fewer than one available rental unit per 10 senior renters — providing a developer with compelling, research-backed demand data for one of the site's highest and best uses.

Listing Contacts

JN
IN IN RB14039241, IL 475156226
Ascend Real Estate Advisors
Listed by Ascend Real Estate Advisors

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Additional Information

Name
John Nekus
License
IN RB14039241
Brokerage
Ascend Real Estate Advisors
Brokerage Phone
312-656-1689
Title
Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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