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5888 N US Highway 35
La Porte, IN 46350
I-94 & US 35 · Land For Sale · 87.14 AC
Investment Highlights
- Heavy Interstate Traffic
- Multiple Use Property
- Established Business Included/Optional
Executive Summary
This property is conveniently located in the SW quadrant of the I-94 & US 35 interstate junction. Ideal location for a truck stop/park with adjoining hospitality and restaurant development. Properties currently has sewer serviced by Michigan City Utilities.
The business of Serenity Springs has a 3 yr average SDE of $610m; giving it a sales value of $1.77mm as the business alone. The business is well established, has a five star rating and can easily be expanded with the addition of event and/or wedding venues.
LaPorte County Indiana is quickly growing with migration from the Illinois areas of both residents and industrial development.
This key crossroad into the Great Lakes Region is ideal for your next development venture!
PROPERTY FACTS
Sale Type | Investment or Owner User | Property Subtype | Commercial |
Sale Conditions | Redevelopment Project | Proposed Use | |
No. Lots | 3 | Total Lot Size | 87.14 AC |
Property Type | Land |
Sale Type | Investment or Owner User |
Sale Conditions | Redevelopment Project |
No. Lots | 3 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 87.14 AC |
3 Lots Available
Lot 1
Price | $11,300,000 | Lot Size | 83.89 AC |
Price Per AC | $134,700.20 |
Price | $11,300,000 |
Price Per AC | $134,700.20 |
Lot Size | 83.89 AC |
This beautiful property is currently occupied as Serenity Springs resort. The property totals 83.89 acres and has multiple buildings for several uses. You can purchase and operate as is or redevelop as interstate commercial, B3&R1B zonings.
Lot 2
Price | $750,000 | Lot Size | 1.87 AC |
Price Per AC | $401,069.52 |
Price | $750,000 |
Price Per AC | $401,069.52 |
Lot Size | 1.87 AC |
This former bank branch property is ideal location for a restaurant/QSR. Current zoning B3
Lot 3
Price | $500,000 | Lot Size | 1.38 AC |
Price Per AC | $362,318.84 |
Price | $500,000 |
Price Per AC | $362,318.84 |
Lot Size | 1.38 AC |
These three small parcels total 1.38 acres with a house structure that is currently used as an engineering office. Tenant may or may not continue to occupy the property. Another ideal location for a Outlot retail/QSR development. Current zoningR1B
Description
Excellent Location for Travel Center, Hospitality Businesses and other Interstate Commercial Businesses!! This beautiful property is currently occupied as Serenity Springs resort. The property totals 83.89 acres and has multiple buildings for several uses. You can purchase and operate as is or redevelop into more interstate commercial uses. One section of the property was previously approved and planned as a subdivision of duplex homes. The foundations were poured on these 14 lots, however the project was never completed. As the new owner, you could finalize this project with several SFH or income producing properties or expand the cabins of Serenity Springs. The wooded areas are the home of several wildlife species and are perfect for walking or horseback trails. The property is fed with water from a natural spring. Properties currently has sewer serviced by Michigan City Utilities. Public water is currently being explored by LaPorte Co Development. This property is conveniently located in the SW quadrant of the I-94 & US 35 interstate junction. Ideal location for a truck stop/park with adjoining hospitality and restaurant development. The business of Serenity Springs has a 3 yr average SDE of $610m; giving it a sales value of $1.77mm as the business alone. The business is well established, has a five star rating and can easily be expanded with the addition of event and/or wedding venues. LaPorte County Indiana is quickly growing with migration from the Illinois areas of both residents and industrial development. This key crossroad into the Great Lakes Region is ideal for your next development venture!
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $912,000 | |
Land Assessment | $592,400 | Total Assessment | $1,504,400 |
PROPERTY TAXES
zoning
Zoning Code | B3 and R1B |
B3 and R1B |