61.52 Acres in Michigan City, IN - $1,350,000

MAJOR PRICE IMPROVEMENT! This historic 60+ acre family-owned farm property in Michigan City, Indiana, presents a great opportunity for those seeking to capitalize on the growing demand for real estate with an investment and development property in a high-visibility location. It’s strategically located off a traffic light-controlled four-way stop. It has road frontage on both US Highway 20 and Johnson Road, with a major gas and convenience store retail store already established at that intersection. Logistics and transportation will not be a big concern with the frontage on a designated primary truck route and close proximity to Interstate 94 and 80/94. Utility services, electric, internet and fiber optics near the site and there are commitments to help with municipal sewer and water service as well as planning, zoning, and permitting from the local economic development entities. The sellers will also be reasonably considerate of a buyer’s requirements and timeframes in the purchase process.LaPorte County offers at least twenty different incentives, including project financing support, access to trade zones, land acquisition and site preparation assistance, fast-track permitting process, utilities, workforce development training and more. There is already dedicated support from the community and local organizations for projects to bolster economic development and growth. Dynamic residential or mixed-use projects, commercial ventures, offices, retail, shopping, and grocery stores, as well as medical facilities and restaurants, are all great possibilities. Public or community service facilities, education, parks, recreation, or land conservation ventures are also worthy considerations. Any Buyers, Investors, Developers, or Businesses keen on tapping into an area with promising economic growth and with city, county and state support and incentives available will find this property a strategic and promising choice for various potential development opportunities.As Michigan City and LaPorte County continue to attract attention for its growth and development, this property positions itself as an ideal investment. An important consideration for a potential buyer is the current income from farm rent and a billboard lease on the property. The conservative but consistent return and current agricultural zoning provide some tax advantages and offset ownership costs when the property is ready to be developed. Call the listing agent for the best and most detailed information about this great investment and development opportunity.