McCarty Lane & E. 50 S.
Lafayette, IN 47905

The subject property offering consists of approximately 47.15 acres located at the northwest corner of E50S and Mccarty Lane. Currently it is zoned R1B which allows higher density single family residential development. Utilities are available to the site with the exception of water. Water is expected to the site by the end of 2018. The subject proprety lies in two different utility service areas. The cost recovery fees associated with each utility service area follow. Stormwater impact fees will be separately assessed by the County. Please contact the Tippecanoe County Surveyor’s office for the applicable fees. UTILITY SERVICE AREA 3B COST RECOVERY FEES* (NE part of site) Water Wastewater Stormwater $1,560 per acre $3,843 per acre County** UTILITY SERVICE AREA 4 COST RECOVERY FEES* (SW part of site) Water Wastewater Stormwater $1,044 per acre $4,491 per acre County** **Stormwater drainage fees will based on standard drainage review and phase II fees. No additional storage fees are applicable. The subject Property is located in close proximity to large employers and further benefits from great access to Interstate 65 and State Road 26E. The site is less than 1 mile from a newer County Library branch and approximately 2 miles from the IU Health regional campus. Retailers including Meijer Superstore, Walmart, and numerous others can be found within 3 miles. The immediate area is predominately composed of undeveloped land with significant newer residential beginning less than one mile away. The area housing market is quite strong currently with significant demand for additional supply. Existing inventory has remained at multiyear lows for quite some time.