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| 9.95 +/- acres for purchase, lease or build to leaseStrategically located along US 52 Dense residential with strong daytime population |
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| Narrative |
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Lake Shore has available approximately 4.38+/- acres currently zoned NB (Tippecanoe County) and 5.57+/- acres currently zoned GB (Tippecanoe County) for sale, ground lease or build to lease. This acreage is available and ready for development, as much site work has been completed to ready it for immediate use.
This land is strategically located along US 52 in between Wal-Mart Supercenter (newly expanded) approximately 1 mile to the south and planned stores for Menards Home Improvement and Meijer to be constructed approximately ˝ mile to the north. Access to the property is obtained either by utilizing the right in/right out along US 52 (as shown on the site plan) and a traffic signal to be installed at the intersection of Paramount Drive and US 52 (also as shown on the site plan). The property is surrounded by dense apartment units housing Purdue University students, faculty and staff, as well as West Lafayette residents. As a matter of convenience to these residents, a bus stop is located directly across US 52 from the subject property.
Other notable factors to be considered when evaluating this site:
- Klondike Elementary & Middle Schools are located approximately ˝ mile to the north at the intersection of Klondike and US 52;
- Great Lakes Chemical Corporation, just south of the subject property, employs 262, and Purdue Research Park comprises approximately 1.2 million square feet under roof and 591 acres along US 52. It is currently the only Research Park in Indiana, employs 2,500 having earned an average wage of $58,462 as reported in June 2003 and is home to more than 104 companies;
- The area is experiencing strong retail activity and business investment as Wal-Mart has recently expanded into a Supercenter, Menards Home Improvement and Meijer have new stores planned just north on US 52 and Applebee’s (located on an outlot of the Wal-Mart Supercenter) is reported to be their #1 Indiana restaurant based upon sales (estimated at more than $3.3 million in 2004); and
- Purdue University, one of Indiana’s largest and most recognized universities experienced an enrollment of 39,000 students in 2004 with the campus only located approximately 2 miles to the south.
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| Site Plan (with aerial overlay) |
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The site plan shows the subject property divided according to the two current zoning classifications and the associated acreage. This plan also labels interior drives, the planned traffic signal and identifies neighboring development. |
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| Northwest Oblique Aerial |
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The attached aerial is an oblique looking northwest at the subject and shows the proximity to the planned Meijer and Menards, as well as significant employers in the area, and notes existing and planned traffic signals along US 52. |
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| Southeast Oblique Aerial |
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The attached aerial is an oblique looking southeast at the subject and shows the proximity to the newly expanded Wal-Mart Supercenter, as well as significant employers in the area, and notes existing and planned traffic signals along US 52. |
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| Area Map |
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Identifies subject property and significant retailers in the area. |
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| List of Permitted Uses |
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Attached is an excerpt from the Unified Zoning Ordinance indicating the uses permitted in all zoning classifications. Note those in NB and GB are pertinent to the subject. |
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| NB & GB Development Standards |
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The attached GB and NB development standards for Tippecanoe County apply to the subject property. |
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| 1,3,5 Mile Drive Distance Demographics Map |
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The attached file depicts the area referenced in the 1,3,5 mile drive distance map for Lake Shore. |
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| 1,3,5 Mile Drive Distance Demographics Report |
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The attached report references the 1,3,5 mile drive distance demographics for Lake Shore. |
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| 3,5,7 Minute Drive Time Demographics Map |
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The attached file depicts the area referenced in the 3,5,7 minute drive time map for Lake Shore. |
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| 3, 5,7 Minute Drive Time Demographics Report |
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The attached report references the 3,5,7 minute drive time demographics for Lake Shore. |
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