Description
Prime Commercial/Residential Mixed-Use Development Site encompassing 135.66± acres with adjacent existing high-value industrial and retail along 1,500+ feet of CR 17A W frontage and 2,400 feet of frontage on N Gaster Road, near gated lakefront communities including Grand Oaks and low- and high-density residential communities, just minutes from US 27 high-traffic retail and close to major industrial employers like Nucor (the area’s highest-paying employer). Buy this one-of-a-kind site today with upside potential to expand the current industrial zoning and allow the seller to recoup up to all of your initial investment while residential demand increases from the new jobs created by expanding industrial uses—taking your potential profit with extremely low carrying costs. Or simply sell off the road frontage into 5–11 acre tracts while holding the northerly portion for the biggest potential return next to Lake Pythias. All property has water and sewer in place and a tremendous amount of road frontage on two sides, with prime developments at each end, making this a property surrounded by proven markets and successful businesses. Don’t miss out on this before it sells. MLS # 317362 The northeasterly adjacent 31 acres of lakefront can be purchased separately, which could tremendously enhance this investment even more.
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0BEDS
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135.66ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Prime Commercial/Residential Mixed-Use Development Site encompassing 135.66± acres with adjacent existing high-value industrial and retail along 1,500+ feet of CR 17A W frontage and 2,400 feet of frontage on N Gaster Road, near gated lakefront communities including Grand Oaks and low- and high-density residential communities, just minutes from US 27 high-traffic retail and close to major industrial employers like Nucor (the area’s highest-paying employer). Buy this one-of-a-kind site today with upside potential to expand the current industrial zoning and allow the seller to recoup up to all of your initial investment while residential demand increases from the new jobs created by expanding industrial uses—taking your potential profit with extremely low carrying costs. Or simply sell off the road frontage into 5–11 acre tracts while holding the northerly portion for the biggest potential return next to Lake Pythias. All property has water and sewer in place and a tremendous amount of road frontage on two sides, with prime developments at each end, making this a property surrounded by proven markets and successful businesses. Don’t miss out on this before it sells. MLS # 317362 The northeasterly adjacent 31 acres of lakefront can be purchased separately, which could tremendously enhance this investment even more.
© 2026 Heartland Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Heritage Group. Data last updated: 2026-08-12T13:42:31.65.