''IDEAL FOR RESIDENTIAL DEVELOPMENT'' - 153 acres of gently rolling land with approximately 12 acres of woods located in Winfield Township; Crown Point School district; Property fronts to county roads and is directly across from the Winfield Elementary School; City water and sewers are only half a mile away. Property is located in unincorporated Lake county, BUT could possibly be annexed into the town of Winfield, The two homes located on this property are not included.
Primary approval for Phase 1 with 93 lots was approved by City of Crown Point in April 2006. Layout and drawings available for renewal by Purchaser. Many lots were sold prior to the recession, but the improvements were not put in. Water and sewer available and costs for it were estimated at that time to be $400,000 - $450,000. Great topography and views. Price is less than 1/2 of the 2006 prices and acquisition costs, so priced to sell.
Prime for Development. Zoned Commercial LOCATED directly across from a National Pharmacy at the intersection of Rt. 231 and RT.53 (Broadway) a TRAFFIC LIGHT CONTROLLED INTERSECTION with extremely HEAVY TRAFFIC VOLUME. Endowed with a SUCCESSFUL & ESTABLISHED BUSINESS DISTRICT. A very short distance, APPROX.1/4 MILE FROM I65 & RT. 231 EXIT with-in THE CROWN POINT NEW BUSINESS CORRIDOR the LOCATION is PRIME and this makes it a ideal for any business. The facilities located on the other three corners of this intersection are C.V.S. Pharmacy, Peoples Bank and First Financial Savings Bank. All utility tie-ins are located at the front center of property along RT 231 including sewer. Located at the southeast corner of Rt. 231 & Broadway this makes it a Dominating investment to buy for now or as a buy & hold. An Appraisal is on file however the seller will entertain all reasonable offers
Great development opportunity. 81 lots for single family villa homes. 60, 65 and 80 foot wide lots. Fully engineered, zoned & ready for development. Water & sewer to property with sewer upgrades and water pump station in and paid by Seller. This project is an addition to Heritage Falls Subdivision which was a former site of the BIA Parade of Homes.
Great rental and investment property. Zoned agricultural with low taxes. Front 2 buildings newer. Remodeled dairy barn with steel siding on walls and ceiling. 3 car garage. 60x60 building has heat with 2 separate meters, 3/4 bath and office with air and heavy insulation and 6 inch concrete floor.
Price is for 1/3 ownership in RMS Development. Prime development location just South of the Gates Subdivision at 231 & Cline. Rental house covers all costs plus positive cash flow along with farm lease until property is developed. Other 2 partners are local Builder and Developer prominently known in area.