6303 W 91st Avenue, Crown Point, IN 46307

$3,640,000
Property Type: Farm Lot Size (sq. ft.): 20,995,920 Status: Closed
Current Price: $3,640,000 List Date: 1/19/2016 Last Modified: 2/24/2024

Overview

Description

Multiple parcels of land totaling approx. 482 acres on both sides of 101st. Includes farm property, Christmas tree operation (priced separately) and rental income from multiple houses. Currently strong cashflow from the above sources with long term value likely as a residential development. Frontage on both 91st & 101st offers many opportunities. 160 acres (+/-)on S side of 101st in unincorporated Crown Point and 322 acres (+/-) between 91st & 101st. Property is home to Luers Christmas tree farm started in 1976. The operation is available as well but tree inventory and equipment is not included in asking price of $9500 per acre. Property can be developed in phases with ag and rental income to provide cashflow until future phases needed. Productive farm ground, buildings to support farm operation, tree business and rental homes make this a unique opportunity to own significant acreage in mostly developed area of Lake County.

Listing Details MLS# 386642

General Property Information

Living Area Source
Assessor
Year Built
1900
Lot Size Acres
482
Lot Size Square Feet
20995920
Basement YN
Yes
Bathrooms Half
0
Bathrooms Three Quarter
0
Rooms Total
0
Above Grade Finished Area
0
Below Grade Finished Area
0
Garage Spaces
0

Property Features

Architectural Style: Other Community Features: None Lease Type: Net Listing Terms: Cash; Conventional; Owner Assisted Lot Features: Sloped; Wetlands Other Structures: Barn(s); Garage(s); Grain Storage; Shed(s); Other Road Frontage Type: County Road Road Surface Type: Gravel Sewer: Septic Tank Utilities: Electricity Available; Natural Gas Available Water Source: Well Waterfront Features: Creek; Stream

Contract Information

Auction YN
No
Original List Price
4579000
Lease Considered YN
Yes
Property Sub Type
Farm
Listing Agreement
Exclusive Right To Sell

Location Tax and Legal

Street Number
6303
Street Direction Prefix
W
Street Name
91st
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46307
Subdivision Name
N/A

Remarks and Miscellaneous

Public Remarks
Multiple parcels of land totaling approx. 482 acres on both sides of 101st. Includes farm property, Christmas tree operation (priced separately) and rental income from multiple houses. Currently strong cashflow from the above sources with long term value likely as a residential development. Frontage on both 91st & 101st offers many opportunities. 160 acres (+/-)on S side of 101st in unincorporated Crown Point and 322 acres (+/-) between 91st & 101st. Property is home to Luers Christmas tree farm started in 1976. The operation is available as well but tree inventory and equipment is not included in asking price of $9500 per acre. Property can be developed in phases with ag and rental income to provide cashflow until future phases needed. Productive farm ground, buildings to support farm operation, tree business and rental homes make this a unique opportunity to own significant acreage in mostly developed area of Lake County.

Status Change Information

Major Change Timestamp
2018-04-17T12:36:57Z
Major Change Type
Status Change
Status Change Timestamp
2018-04-17
Offer Acceptance Date
2018-04-16
Close Date
2018-04-17
Close Price
3640000
Buyer Financing
Seller Financing

More Information

Land Details

Cultivated Area
400
Habitable Residence YN
Yes
Wooded Area
0

Showing Requirements

Showing Instructions
Must schedule and have Listing Agent present

Historical Information

Public Historical Remarks
Utilities: On

Location, Tax, and Legal

Tax Annual Amount
5014
Tax Legal Description
Legal Description: NW1/4 W1/2 NE1/4 & NW1/4 SE1/4 LY'G NORTH OF DITCH S.36 T.35 R.9 EX NIPSCO R/W 1 & Multiple parcels involved in sale in St John & Center Twn
Parcel Number
451136100006000036
Directions
From US Hwy 30 take Burr S to 91st, turn rt and property is on S side of road. On 101st, Go approximately 1 mile West of White Hawk and property is on both sides of 101st. Approximately 1 1/2 miles from Lake Co Government center.

Architectural Style

Other
Yes

Community Features

None
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner Assisted
Yes

Lock Box Information

Lock Box Serial Number
No

Lot Features

Sloped
Yes
Wetlands
Yes

Other Structures

Barn(s)
Yes
Garage(s)
Yes
Grain Storage
Yes
Shed(s)
Yes
Other
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Gravel
Yes

Sewer

Septic Tank
Yes

Utilities

Electricity Available
Yes
Natural Gas Available
Yes

Water Source

Well
Yes

Waterfront Features

Creek
Yes
Stream
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Lease Type

Net
Yes
Listing Office: Wille Stiener & Brust, Inc.
Last Updated: February - 24 - 2024
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