7800 Grand Blvd 80 Acres of Commercial Land Offered at $1,400,000 in Hobart, IN 46342
INVESTMENT HIGHLIGHTS
- Good location just 1/4 mile North of US Hwy 30 with frontage on Grand Blvd
- Rolling topography with 1/4 mile of road frontage and 1/2 mile of depth
- Utilities are on Grand Blvd
- Owner will entertain a split of the property as the front 20 acres (+/-) would be ideal for commercial use
- Growth continues in the immediate area with Albanese Candy Factory expansion
- Current taxes are just over $23 per acre or $1,847.20 payable 2021 for the 80 acres.
EXECUTIVE SUMMARY
BACK ON THE MARKET, PRICE REDUCED: Owner will consider a sale of a portion of the property. If the front 20 acres (+/-) leaving room for access to the West remainder parcel is sold as a whole the asking price is $1,000,000. Smaller parcels are negotiable. If interested in the West 60 acres (+/-) the asking price is $600,000 with smaller parcels negotiable. Exhibit attached to show proposed parcel line which will need to be created as it is 1 parcel of 80 acres currently.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,400,000 |
| Price Per AC | $17,500.00 |
| Lot Size | 80.00 AC |
PRICE REDUCED: Rectangular parcel with 1320' frontage & 2640' depth. Prime area to develop, historically been farm property. Owner will consider a split of the property with frontage on Grand Blvd potential commercial development subject to rezone.
DESCRIPTION
The subject property is rectangular in shape with 1/4 mile of frontage on Grand Blvd and 1/2 mile of depth. The property is located 1/4 mile North of US Hwy 30 and offers quick and convenient access from many directions to serve Lake & Porter County. Medical facilities are across Grand Blvd on the East side and utilities along Grand Blvd. Property will need to be rezoned as it is currently R-2. Low taxes of $1,847.20 2020 payable 2021 equates to just over $23 per acre per year.
PROPERTY TAXES
| Parcel Number | 45-13-19-201-001.000-046 | Improvements Assessment | $3,000 |
| Land Assessment | $139,700 | Total Assessment | $142,700 |
