1/5

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1/5

Chesterton, IN 46304
Asking Price
$389K
Asset Type
Land
Class
Class B

What's Special

Located at 1/5 in Chesterton, Indiana, this land parcel is situated within a mixed-use corridor characterized by a blend of established residential neighborhoods and local commercial activity. The site offers proximity to well-frequented community amenities, including retail centers, dining options, and public parks. Transportation access is provided via nearby regional thoroughfares and primary local roads, connecting the property to the broader Porter County area and providing a direct link to the I-94 and Indiana Toll Road corridors. The site is suited for various development opportunities, particularly low-impact commercial or multi-family residential projects, subject to local zoning compliance. Ideal tenant profiles include local developers or owner-users seeking to establish a footprint in a stable suburban market. The parcel's dimensions and location make it an appropriate candidate for professional office suites, small-scale medical facilities, or boutique retail outlets designed to serve the immediate surrounding community.

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NOI
$80,000
Cap Rate
20.57%
DSCR
3.46
Strong
Cash-on-Cash
48.76%
Monthly Payment
$1,924.56
Annual Cash Flow
$56,905.283

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