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8300-8499 E 109th Ave

50 Acres of Commercial Land Offered at $746,550 CAD in Winfield, IN 46307

Investment Highlights

  • Frontage on 109th Avenue
  • Proximity to established residential and Commercial development
  • Increasing population and traffic in immediate area
  • Winfield is a growing and highly desirable area
  • Crown Point School system

Executive Summary

The property is located on the North side of 109th Ave just West of Randolph next to the Strack N Van Til Grocery center. Presently there is 3 - 5 acres (subject to approvals) of frontage that is suitable for Commercial Development. The property is currently zoned agricultural and is fairly heavily wooded but has commercial potential on 109th Ave. Long term residential development on the portion dependent on access. Just 1/4 mile from the primary intersection of Randolph and 109th there are not many commercial properties available to serve the rapidly growing and highly desirable Winfield community. See the attached topography showing a ravine that angles through from the SE to the NW that creates a natural divider for the Commercial frontage vs the North part that is not accessible thru the ravine. This parcel is best viewed as a Commercial opportunity on the frontage at this time with the North portion a longer term opportunity subject to access.

Property Facts

Price $746,550 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Single Family Development
  • Strip Centre
Total Lot Size 50.00 AC

1 Lot Available

Lot N/A

Price $746,550 CAD
Price Per AC $14,931 CAD
Lot Size 50.00 AC

Back on the market, PRICE REDUCED: A rectangular shaped parcel with approx 840 feet of frontage on 109th Ave and a depth of 2640' (+/-) ready for development on 109th in rapidly growing market with Commercial frontage opportunities.

Description

109th Avenue has increased traffic since the I-65 exit opened and Winfield is a very desirable and growing area with the Crown Point School system. The property currently enjoys low taxes with the Ag zoning but is in the Town masterplan for potential Commercial along 109th subject to the approval and submission of plans. The Northern end of the property is surrounded by Doubletree Lake Estates on 3 sides.

  • Listing ID: 31902083

  • Date on Market: 2020-10-18

  • Last Updated:

  • Address: 8300-8499 E 109th Ave, Winfield, IN 46307

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