1300 Waverly Road
$1,250,000
1300 Waverly Road Chesterton, IN 46304
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About this listing
Developer's Dream - 21.5 Acres in Prime Porter Location A rare opportunity to shape a high-impact project in one of Northwest Indiana's most strategic corridors. This 21.5-acre site, made up of two parcels, sits at the signalized corner of US Highway 20 and Waverly Road. The property includes a tenant-occupied 2-bedroom, 2-bath home, offering immediate rental income during the planning phase. Located just 3 minutes from the South Shore Train Station, 5 minutes from downtown Chesterton, and 6 minutes from Porter Beach, this site blends convenience with lifestyle appeal. It's also just 45 minutes from downtown Chicago, making it a strong draw for commuters. Bring your own vision or explore current concept plans for a 117-unit condo development with multi-unit retail along the frontage. Flexible zoning and a prime location make it ideal for residential, commercial, or mixed-use development. For those looking to expand, a fully approved 317-unit multifamily development is also available just east of the site—offering a unique opportunity to scale in a rapidly growing market.
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Lot Area
21.5 acres
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MLS ID
818903
DESCRIPTION
- • Annual Tax: $ 17153.0
- • Age: Over 50 Years Old
- • Location: Emerging Area
- • Lot Size: 20-50 Acres
- • Water: Well
