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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
Property Facts
1 Lot Available
Lot
Price | $4,474,474 | Lot Size | 58.11 AC |
Price Per AC | $77,000 |
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
Parcel Numbers | Improvements Assessment | $231,200 | |
Land Assessment | $171,500 | Total Assessment | $402,700 |
PROPERTY TAXES
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.) |
Presented by
3845 Sr-39
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