Income-Producing Farmland With Investment And Development Opportunity
Media
Summary
Property
- Type
- Farms, Recreational Land, Residential Land, Undeveloped Land, Commercial Land
- Road Frontage
- County Road
- Road Surface
- Pavement
- Fencing
- Partial
Land Details
- Pasture
- Timber
- Tillable
Approximate Distances
| 1 mi | to Interstate 94 |
| 3/4 mi | to Highway 421 |
| 5 mi | to Interstate 80/90 |
| 3 mi | to Lake Michigan |
| 1 mi | to MC Franciscan Hospital |
| 38 mi | to Chicago, IL |
Utilities
| Electric: | Nearby |
| Gas: | Nearby |
| Sewer: | Nearby |
| Water: | Nearby |
| Internet: | Nearby |
| Cable: | Nearby |
Features/Improvements
- Small Game
- Big Game
- Waterfowl
- Wetlands
Description
Prime investment and development property located on the outskirts of Michigan City and just minutes from the Lake Michigan shores and Interstate 94. It is currently used as an income-producing farm ground and also a recreational deer and waterfowl hunting property, but its convenient location allows for numerous potential opportunities in the near future. Located in an area of mixed land use type including farming, new and existing residential homes and retail, commercial and light industrial development, there may be many uses for this property to capitalize on for commercial use or a good return on investment. With highways 12, 20, 421 and Interstates 94 & 80/90 all easily accessible in minutes and the Franciscan Health Michigan City Hospital about a mile away, commercial development is just around the corner. Until then, 18 acres of tillable ground have consistently produced above-average yields, according to county farm records and generate a modest but consistent income while helping to keep the property taxes reasonable. The balance of the property is some wooded and brushy areas, thickets, some lower ground and small wetlands. The road frontage on a main road and a side road, leading to a dead-end, allows for great access for farming or future residential or commercial building sites. Back in the southwest corner of the property, where the farmland meets the wooded area, there are some suitable locations for a future home and barn-building site. A copy of the recent survey and other property information is also available, so call today to schedule your visit or to get additional information.
Details
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Investment and development property in Michigan City, Indiana
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Great location with development and economic growth
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Near major transportation and commuter hub routes
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Development in immediate area include residential, commercial, industrial, retail and healthcare
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Currently generation income from farming lease
Area Info
Other
Coordinates
41.6661, -86.9135
Annual Taxes
$440
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
Buyer’s agents must be identified on the first contact with Broker/Agents and must accompany the buyer on showings to receive full fee participation. Otherwise, the fee participation will be at the sole discretion of the seller, broker, and Whitetail Properties Real Estate, LLC.
