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N 50 W - 408 ACRES DEVELOPMENT LAND-OPP ZONE/QCT

408.77 Acres of Residential Land in West Lafayette, IN 47906

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Investment Highlights

Opportunity Zone
Served by Utilities
Excellent schools

Qualified Census Tract
Rapidly growing, affluent area
In path of major road extension

Executive Summary

The subject property consists of ~408 acres within an OPPORTUNITY ZONE in West Lafayette. The land is served by public utilities. A new road extension and walking path is being constructed through the land, the project is on track to be paved fall 2023. Lafayette/West Lafayette has been recognized nationally as the 2023 Top Emerging Housing Market (by WSJ and Realtor.com). It was also named America's Hottest Rental Market at the start of 2023. Please see the attached housing report which was recently completed the READI Region. This sites presents a generational real estate development opportunity! Portions of the land are already pending. Call or email Jim Pitoukkas for details.

FLYER - SCHROEDER FARMS

2023_07_21-Greater-Lafayette-READI-Housing-Study

SCHROEDER OM

Property Facts

Sale Type	Investment or Owner User	Property Subtype	Residential
No. Lots	1	Total Lot Size	408.77 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	408.77 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size	408.77 AC

Lot Size	408.77 AC

Over 408.77 acres comprised of multiple parcels in the area of N 500 W and W 50 N in West Lafayette. The land has been master planned for various land uses and can be sold off as smaller tracts. See Offering Memorandum for more information.

Description

The offering consists of +/- 408.77 acres of transitional farm land in one of Tippecanoe County’s fastest growing submarkets. The land is divisible and is served by utilities. The subject property is in rapidly growing northern Tippecanoe County, it provides a generational development opportunity comprised of +/- 408 acres of agricultural land which will soon be served by a new north/south road extension. The land lies less than two miles from shopping, Interstate 65, and three miles from Purdue University. Within one mile of the subject you find excellent schools, the new $32,000,000+ West Lafayette Wellness Center, an excellent trail system, and major employers in the Purdue Research Park. The immediate area is also home to some of the best selling new residential developments in the area, many of which are shown in the map to the left. Over 1,500 lots are in various stages of development in the vicinity.

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PROPERTY TAXES

Parcel Numbers	Multiple 79-02-36-200-012.000-023 79-02-36-200-007.000-023 79-02-36-200-006.000-023 79-03-31-100-001.000-023 79-03-31-151-001.000-023 79-02-36-200-013.000-023 79-02-36-100-005.000-023 79-02-36-100-001.000-023	Improvements Assessment	$0
Land Assessment	$503,600	Total Assessment	$503,600

PROPERTY TAXES

Parcel Numbers

Multiple

79-02-36-200-012.000-023
79-02-36-200-007.000-023
79-02-36-200-006.000-023
79-03-31-100-001.000-023
79-03-31-151-001.000-023
79-02-36-200-013.000-023
79-02-36-100-005.000-023
79-02-36-100-001.000-023

Land Assessment

$503,600

Improvements Assessment

Total Assessment

$503,600

zoning

Zoning Code	RI and R2
RI and R2

Listing ID: 25265295
Date on Market: 3/16/2022
Last Updated:
Address: N 50 W, West Lafayette, IN 47906

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N 50 W, West Lafayette, IN for sale Primary Photo- Image 1 of 2 — MAIN PHOTO

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