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WEST LAFAYETTE LAND PORTFOLIO
SHOOK
CBCWorldwide.com
FOR SALE THREE PROPERTY LAND PORTFOLIO
(CAN BE SOLD INDIVIDUALLY)
LOCATED IN TIPPECANOE COUNTY
WEST LAFAYETTE, IN
Coldwell Banker Commercial Shook
427 Main Street, Lafaye e, IN 47901
Steve Shook Jim Pitoukkas
765-742-5096 765-250-8339
[email protected] [email protected]
PREPARED BY:
DISCLAIMER: This information herein is intended only for the personal and confidential use of the designated recipient(s). If you are not the intended recipient(s) of this memorandum you are hereby notified that any review, dissemination, distribution or copying of this information is strictly prohibited. We make no repre-sentations or warranties, expressed or implied, as to the accuracy of any information presented herein. This information has been secured by sources we believe are dependable. References to square footage or age are approximate. The information presented herein is not a substitute for a thorough due diligence investi-gation.
SHOOK
PROPERTY NAME
CBCshook.com
2
THREE PROPERTY LAND PORTFOLIO
PROPERTY OVERVIEW
PROPERTY 2—450N
Five Parcels
Total of +/- 163.51 Acres
West Lafayette, IN 47906
$1,929,492
*Properties can be sold individually as shown below.
The proper es are located on the northern side of West Lafaye e in Tippecanoe County, Indiana. The immediate area has experi-
enced strong growth fueled by the presence of Purdue University, the Purdue Research Park, an excellent public educa on system,
and na onally recognized high ra ngs for quality of life and affordability. Less than five miles away the Purdue Research Founda on
is embarking on a mul -decade transforma on of the west end of campus during which they plan to invest over one billion dollars in
new development. The Founda on hopes development will spur major corporate collabora on in the research and eventual com-
mercializa on of technological breakthroughs from Purdue University, one of the na on’s top public S.T.E.M. universi es. Addi on-
ally there has been significant new commercial development in the vicinity, with the opening of retailers such as Menards, Meijer
Superstores, Verizon, Starbucks, to name a few. Two miles away a new Franciscan Health facility is in planning stages.
LOCATION INFORMATION
Sale Price: $484,352
Price/SF $11,000
PROPERTY 3—N300W
PROPERTY 1—500N, EAST OF N100W
One parcel comprised of +/-79.838 acres of rolling farm and partially wooded land. Fronts 500N, a well travelled east-west rural road.
Sale Price: $910,000
Price/AC $11,375
One parcel comprised of 39.64 acres of relatively flat farmland located in the vicinity of expanding residential and commercial development.
Sale Price: $535,140
Price/AC $13,500
Three parcels totaling +/-44.032 acres of wooded land. The property offers frontage on N300W and 450N.
SHOOK
PROPERTY NAME
CBCshook.com
3
THREE PROPERTY LAND PORTFOLIO
PROPERTY 1
North side of 500N, east of N100W
West Lafaye e, IN
Approximately 79.838 acres
$910,000
PROPERTY SPECIFICATIONS
Property Type: Land
Zoning: R1
Acreage: Approximately 79.838
Usable for Development: Estimated 40 acres
Utilities: Water (unconfirmed)
Electric
Sewer
Gas
PROPERTY FEATURES
Road Frontage: 500 N
Flood plain: A portion of the tract lies in a flood
plain
Amenities: Rolling terrain
Close to amenities including shopping,
parks, and schools.
SUMMARY
The subject property lies in a primarily agricultural area with increasing residen al development. American Suburban
U li es confirmed wastewater service is available on the north side of the road along the county ditch. Based on
physical observa ons we believe water is available in the vicinity. As shown in the graphic a por on of the farm lies in
a floodplain. The Area Plan Commission GIS system shows the property as being zoned R1.
SHOOK
PROPERTY NAME
CBCshook.com
4
THREE PROPERTY LAND PORTFOLIO
PROPERTY 2
PROPERTY SPECIFICATIONS
PROPERTY FEATURES
Road Frontage: 450N
Flood plain: Not listed in a flood plain
Amenities: Tillable
Active subdivision to the south
Close to shopping
SUMMARY
North of Stonehenge Subdivision on 450N
West Lafaye e, IN
Approximately 39.64 acres
$535,140
Property Type: Land
Zoning: A
Acreage: Approximately 39.64
Usable for Development: Assumed 100%
Utilities: Water and Gas appear to be
available on the south side of
450N
Electric
Sewer unavailable
The subject property lies in a primarily agricultural area though it is just a few miles from retail des na ons.
Stonehenge, a nice residen al subdivision to the south, is expanding with a new phase. The Stonehenge subdivi-
sion is served by sanitary sewer however outlets are interior and have not been extended to the subject. Conver-
sa ons with American Suburban, the sanitary sewer provider, indicated it is unlikely service will be extended
north across 450N in the immediate future. Water and gas appear to be available south of 450N. Currently the
subject is zoned Agriculture per the Area Plan Commission GIS System.
SHOOK
PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
PROPERTY 3
N300W
West of Stonehenge subdivision
3 parcels totaling +/‐ 44.032 acres
West Lafaye e, IN
$484,352
PROPERTY SPECIFICATIONS
PROPERTY FEATURES
SUMMARY
Property Type: Land
Zoning: R1, A
Acreage: Approximately 44.032 acres
Usable for Development: Assumed 100%
Utilities: Water and Gas appear to be
in the vicinity
Electric
Sewer unavailable
Road Frontage: N300W
Flood plain: Not listed in a flood plain
Amenities: Wooded
Close to shopping and amenities
The subject property above consists of three different parcels with two zoning classifica ons, R1 Residen al and
Agriculture. The subject is highly wooded. The closest sewer to the property is located at Menards. Extending
the sewer north to the subject property is not likely in the near future. Sewer is available in the Stonehenge
subdivision to the west. We believe a developer can bring water and gas to the site based on our site observa-
ons though addi onal cost will be incurred.
SHOOK
PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
AERIAL MARKET OVERVIEW
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PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
EXISTING RESIDENTIAL MARKET OVERVIEW
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PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
PROPERTY 1
SHOOK
PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
PROPERTIES 2 AND 3
SHOOK
PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
ABOUT US
Steve Shook, CCIM
Steve is a commercial real estate professional with over twenty five years experience in
brokerage and development. He has assisted new and exis ng employers in Tippecanoe
and surrounding coun es with various real estate needs. Addi onally he manages third
party brokerage assignments. Steve was named “Number One Producer” in 2008 and 2014
for the Coldwell Banker Commercial franchise in Indiana. He has sold nearly 1,000 acres of
land for manufacturing, industrial, commercial, and residen al uses. He especially enjoys
the "merchandising" of brokerage assignments and finds it easier to sell a program than
simply a building or parcel.
With his cousin Charlie, Steve is a principle in The Shook Agency and manages the day to
day opera ons of its commercial and residen al franchise businesses. In 2015 The Shook
Agency celebrated its 100th Anniversary!
Present and Former Industry and Community Affilia ons: Indiana Commercial Board of
Realtors (ICBR), Board Member -College Mentors For Kids, Purdue/Lafaye e Community
Council -Great Lafaye e Commerce, Board Trustee -West Lafaye e Schools Corpora on,
Board Trustee -West Lafaye e Schools Founda on, Board Member -Camping & Educa on
Founda on, Director of Development
Professional Recogni on: -Coldwell Banker Commercial Top Producer, State of Indiana -
Cer fied Commercial Investment Member (CCIM)
SHOOK
PROPERTY NAME
CBCshook.com
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THREE PROPERTY LAND PORTFOLIO
ABOUT US
Jim Pitoukkas
Jim Pitoukkas specializes in the sale of commercial investment proper es and land.
Pitoukkas has a diverse background in real estate transac ons and small business
ownership. Since receiving his real estate license in 2006 his transac onal experience
has included property management, commercial leasing, the sale of raw land, the sale
of fully en tled development sites, the sale of investment proper es, and the sale of
large mul -property investment por olios. Transac ons consummated by Jim have
ranged in market values from $175,000 to large por olios with values in excess of
$60,000,000.
He resides in West Lafaye e with his wife, Chris ne, and three children. When he is
not at home with family or at work he is ac ve in the community and currently serves
on the West Lafaye e Parks and Recrea on Board of Directors.
Jim has been recognized by several of his clients for providing outstanding service,
specifically his a en on to detail, follow up, and professionalism.
A representa ve list of par es Jim has served follows:
Raisor Automo ve Group
Catholic Diocese of Lafaye e
Tippecanoe County Public Library
Jimmy John’s Enterprises
Orange Theory Fitness
Simply Self Storage
Real America
Dunkin Donuts
Compass Self Storage
SHOOK
PROPERTY NAME
CBCshook.com
12
THREE PROPERTY LAND PORTFOLIO
CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determin-ing whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.
Any projections and pro forma budgets contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will con-form to such projections.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITH-OUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
SHOOK
PROPERTY NAME
CBCshook.com
13
THREE PROPERTY LAND PORTFOLIO
CONTACT INFORMATION
For more information, please contact:
Jim Pitoukkas COLDWELL BANKER COMMERCIAL SHOOK 427 Main Street Lafayette, IN 47901 Phone: (765) 250-8339 Mobile: (317) 281-8811
©2018 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
