5491 County Road 427 - Heron Lake Development

Amazing opportunity to own a mixed-use 300-acre development project in Northern Indiana! This highly unique project includes residential and commercial areas along with a 102-acre privately owned all-sports lake. The project is properly zoned and has the first housing area completed with 10 lots sold and 26 remaining unsold. This is a court-ordered sale being sold under bankruptcy. There is considerable due diligence available for review. Phase I was completed, and Phase 2 had begun, when the owner/developer of the property filed for bankruptcy in 2021. The completion of Phases 2 and 3 would yield 108 fully infrastructure-developed lots. There are 105 lots that need full infrastructure-completion, in order to sell, for a total of 213 collateral units. Interested parties must register with the representing Broker and complete a Non-Disclosure Agreement before any additional information will be provided.