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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 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. Municipal water can be brought to the property by either LaPorte or Michigan City.
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
Sale Conditions Redevelopment Project
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Hospitality
  • Restaurant
  • Truck Stop
Total Lot Size 87.14 AC

3 Lots Available

Lot 1

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
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
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 46-06-06-401-005.000-062
  • 46-06-06-401-009.000-062
  • 46-06-06-252-013.000-062
  • 46-06-06-251-014.000-062
  • 46-06-06-176-002.000-062
  • 46-06-06-401-007.000-062
  • 46-06-06-401-008.000-062
  • 46-06-06-401-010.000-062
  • 46-06-06-127-006.000-062
  • 46-06-06-251-005.000-062
  • 46-06-06-251-006.000-062
  • 46-06-06-251-007.000-062
  • 46-06-06-252-002.000-062
  • 46-06-06-326-001.000-062
  • 46-06-06-251-002.000-062
  • 46-06-06-251-015.000-062
  • 46-06-06-251-012.000-062
Land Assessment
$592,400
Improvements Assessment
$912,000
Total Assessment
$1,504,400

zoning

Zoning Code B3 and R1B
B3 and R1B
  • Listing ID: 27063098

  • Date on Market: 11/7/2022

  • Last Updated:

  • Address: 5888 N US Highway 35, La Porte, IN 46350

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