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5888 N US Highway 35
La Porte, IN 46350

$500,000 USD

Land For Sale  •  87.14 AC

Property Details

  • Property Type Land
  • Lot Size 87.14 AC
  • Zoning B3 and R1B
0 Transit Score
8 Walk Score

Description

Excellent Location for Travel Center, Hospitality Businesses and other Interstate Commercial Businesses!!

This beautiful property is currently occupied as Serenity Springs resort.  The property totals 83.89 acres and has multiple buildings for several uses.  You can purchase and operate as is or redevelop into more interstate commercial uses.  One section of the property was previously approved and planned as a subdivision of duplex homes.  The foundations were poured on these 14 lots, however the project was never completed.  As the new owner, you could finalize this project with several SFH or income producing properties or expand the cabins of Serenity Springs.  The wooded areas are the home of several wildlife species and are perfect for walking or horseback trails.  The property is fed with water from a natural spring.  Properties currently has sewer serviced by Michigan City Utilities.  Public water is currently being explored by LaPorte Co Development.
This property is conveniently located in the SW quadrant of the I-94 & US 35 interstate junction.  Ideal location for a truck stop/park with adjoining hospitality and restaurant development.  
The business of Serenity Springs has a 3 yr average SDE of $610m; giving it a sales value of $1.77mm as the business alone.  The business is well established, has a five star rating and can easily be expanded with the addition of event and/or wedding venues.  
LaPorte County Indiana is quickly growing with migration from the Illinois areas of both residents and industrial development.  
This key crossroad into the Great Lakes Region is ideal for your next development venture!

Highlights

Heavy Interstate Traffic
Established Business Included/Optional
Multiple Use Property

Public Transportation

Commuter RailDriveWalkDistance
Carroll Avenue (Michigan City) Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 12 min - 5.0 mi
AirportDriveWalkDistance
South Bend International 52 min - 29.8 mi
Terina Widner 317-903-2096 Jackson IG
Terina Widner 317-903-2096 Jackson IG