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3845 Sr-39

58.11 Acres of Commercial Land Offered at $4,474,474 in La Porte, IN 46350

Investment Highlights

  • Recently Designated TIF District (Tax Increment Financing District)

Executive Summary

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Property Facts

Price $4,474,474
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial Park
Total Lot Size 58.11 AC

1 Lot Available

Lot

Price $4,474,474
Price Per AC $77,000
Lot Size 58.11 AC

Description

This property consists of three contiguous parcels of land totaling approximately 58.11 acres. The property already has multiple curb cuts onto Indiana Highway 39 including one in place with a teardrop turnoff on the west side of the road allowing for an easier left-hand turn into the property entrance. The location is on Indiana Highway 39, which is a heavy haul truck route allowing for Gross Vehicle Weight (GVW) loads up to 136,000 lbs. or 120,000 lbs. Great location with immediate access to I-94 (less than an eight minute drive), I-212, US-20, and Indiana Toll Road, all Indiana heavy haul truck routes. Rapidly developing manufacturing and industrial area on the north side of The City of LaPorte, which recently has been designated a Tax Increment Financing District to encourage development. Access to the site is achieved by already being on Indiana State Highway 39 and bordering the Indiana Toll Road (I-80/90). The site is near a significant number of major highways including Interstate 94 and Indiana Highway US 20/2, both heavy haul routes. Traffic counts from the I-94 interchange west along US 20/US 35 average 24,000 to 25,000 daily. Additionally, over 365,000 trucks pass through the I-65, I-94, I-80/90 corridor area each day to the various regions each one of these interstates services. The site has the potential to be a big box warehouse or another type of transportation facility for the heavily traveled I-94 corridor.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 46-06-14-100-004.000-042
  • 46-06-14-100-011.000-042
  • 46-06-14-100-006.000-042
Land Assessment
$171,500
Improvements Assessment
$231,200
Total Assessment
$402,700

zoning

Zoning Code B3 (Incorporated into TIF District Sept 2024 by City of LaPorte B3 with new M2 zoning directly across highway for undisclosed project on 109 acres.)
B3 (Incorporated into TIF District Sept 2024 by City of LaPorte B3 with new M2 zoning directly across highway for undisclosed project on 109 acres.)
  • Listing ID: 33599878

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 3845 Sr-39, La Porte, IN 46350

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