Excellent development opportunity on 117 acres recently annexed into the City of Ligonier. Zoned Planned Unit Development, the property is approved for 52 acres of Industrial priced at $45,000/acre ($2,340,000), 50 acres of Residential priced $30,000/acre ($1,500,000), and 15 acres of Commercial priced at $75,000/acre ($1,125,000). Seller will divide and price accordingly. Property has access to US Hwy 33 and US Hwy 6 with Diamond Lake Rd. to be extended to create access into the Residential acreage and allow for buffer in between the Residential properties and the Industrial and Commercial properties. Industrial acreage is perfect for RV and/or boating manufacturing. Growing and proactive city administration in heavy favor of expanding the city. Utilities nearby at Lake City Bank. US Hwy 33 over 11,000 cars daily, US Hwy 6 nearly 10,000 cars daily (INDOT Traffic Counts).
John Piraccini
Coldwell Banker Commercial
