107 E. State Road 231

Investment Overview

This is a prime commercial parcel ready for redevelopment as the prior home has been razed. This parcel is zoned B-3 Highway Commercial making this site ideal for medical/professional office or retail development. All utilities available are to the site including sewer and water. 2025 pay 2026 taxes are $251.62. New Franciscan Health Hospital and University of Saint Francis expansion are both located just 1 mile west of this property. It's expected investment is between $227 and $300 million for the hospital and expanded University, Franciscan officials report. 2025 INDOT traffic count on State Road 231 is 16,332 cars/day.

Investment Highlights

• Located on the busy SR 231
• 2 miles east of the Grand Lake County Court House
• 1 hour to Chicago Loop
• 1/2 mile west of I-65/SR 231 interchange
• Across from CVS