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1300 Waverly Road, 
Chesterton, IN 46304

$1,250,000

—

Bed

—

Bath

-

Sq Ft

21.50

Acres (Lot)

Land

Active

Listed by

Matthew Seibal

, 

Justin Berggren

Coldwell Banker Market Connect

219-747-0033

Last updated:

April 14, 2025, 02:17 PM

MLS#

818903

Source:

Northwest Indiana AOR as distributed by MLS GRID

About This Land

1300 Waverly Road

Developer's Dream - 21.5 Acres in Prime Porter LocationA rare opportunity to shape a high-impact project in one of Northwest Indiana's most strategic corridors. This 21.5-acre site, made up of two parcels, sits at the signalized corner of US Highway 20 and Waverly Road. The property includes a tenant-occupied 2-bedroom, 2-bath home, offering immediate rental income during the planning phase.Located just 3 minutes from the South Shore Train Station, 5 minutes from downtown Chesterton, and 6 minutes from Porter Beach, this site blends convenience with lifestyle appeal. It's also just 45 minutes from downtown Chicago, making it a strong draw for commuters.Bring your own vision or explore current concept plans for a 117-unit condo development with multi-unit retail along the frontage. Flexible zoning and a prime location make it ideal for residential, commercial, or mixed-use development.For those looking to expand, a fully approved 317-unit multifamily development is also available just east of the site--offering a unique opportunity to scale in a rapidly growing market.

Land Facts

Description/Design:

Land

Lot Size (Acres)

21.50

MLS #:

818903

Last Updated:

April 14, 2025, 02:17 PM

Added:

a month ago

Finances & Disclosures

Finances

Price:

$1,250,000

Source:Northwest Indiana AOR as distributed by MLS GRID
Based on information submitted to the MLS GRID as of April 14, 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.