Outstanding development opportunity in the City of Nappanee! This 24.81-acre parcel of vacant land offers exceptional potential for residential development. The property could support approximately 40 to 50 single-family homes (subject to applicable approvals and development requirements). In addition, the parcel has already received city approval for 15 eight-unit residential buildings, making it a unique opportunity for developers seeking a multifamily project. Planned improvements include a new boulevard-style street with roundabouts, private park and playground areas, pedestrian sidewalks, and stormwater detention infrastructure. With its prime location and significant development potential, this property is well-suited for builders, investors, and developers looking to capitalize on the continued growth of Nappanee. Contact us today for additional information and development details.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.