5491 County Road 427 - Commercial LAND FOR SALE


Auburn, IN 46706 13,068,000 SF
$19,500,000 USD
260-407-7113
5491 County Road 427, Auburn, IN for Sale
$19,500,000 USD
Commercial LAND - FOR SALE
1/3
13,068,000 SF

5491 County Road 427
Auburn, IN 46706


HIGHLIGHTS

  • Phase 1 and portion of Phase 2 are already completed
  • Privately owned 102-acre all-sports lake

OVERVIEW

Amazing opportunity to own a mixed-use 300-acre development project in Northern Indiana! This highly unique project includes residential and commercial areas along with a 102-acre privately owned all-sports lake. The project is properly zoned and has the first housing area completed with 10 lots sold and 26 remaining unsold. This is a court-ordered sale being sold under bankruptcy. There is considerable due diligence available for review. Phase I was completed, and Phase 2 had begun, when the owner/developer of the property filed for bankruptcy in 2021. The completion of Phases 2 and 3 would yield 108 fully infrastructure-developed lots. There are 105 lots that need full infrastructure-completion, in order to sell, for a total of 213 collateral units. Interested parties must register with the representing Broker and complete a Non-Disclosure Agreement before any additional information will be provided.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/ACRE

$65,000/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Heron Lake Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

300 AC

LAND SF

13,068,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

PD & C2

APN/PARCEL ID

17-10-07-300-007.000-009

ASK ABOUT THIS PROPERTY

David NugentBND Commercial Real EstateMore Info
260-407-7113

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David NugentBND Commercial Real EstateMore Info
260-407-7113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.