1300 Waverly Road
Chesterton, IN 46304
- – beds
- – baths
- – sqft
- ~22 acre lot
- – on site
Developer's Dream - 21.5 Acres in Prime Porter LocationA 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.
Last checked:
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Last updated Apr 14, 2025
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MLS# 818903 —
Financial & Terms
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Lease Considered:false
Location
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Directions:In 49 to US HWY 20 west to Waverly rd. North to property on west side
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Latitude:41.633675
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Longitude:-87.069804
The Property
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Parcel Number:640326229002000026
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Property Subtype:Unimproved Land
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Lot Features:Near Public Transit
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Lot Size Acres:21.5
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Lot Size Square Feet:936540
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Lot Size Source:Assessor
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Additional Parcels:true
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (219) 281-1100
- Office phone:
- (219) 747-0033
Taxes
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Tax Year:2023
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Tax Annual Amount:17153
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Tax Assessed Value:662000
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Tax Legal Description:S8A N30A E1 2 NE EX 1.50A NE COR 26-37-6 6.50AS493.78 N1483.2 E1 2 NE 26-37-6 15A TIF
Utilities
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Utilities:Electricity Connected, Water Connected, Natural Gas Connected
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Electric:200+ Amp Service
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Sewer:Unknown
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Water Source:Well
The Community
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Association:false
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Development Status:Proposed
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
