This is a prime commercial parcel redevelopment. 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. Proposed new Franciscan Health Hospital, University of Saint Francis expansion and possible new location for Andrean High School is 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. 2018 INDOT traffic count on State Road 231 is 11,870 cars/day. Located on the south side of US 231/SR 8, 1/4 mile east of Broadway, 1/2 mile west of I-65/US 231 interchange, and 5 miles south of US Highway 30. Nearby businesses include CVS, People's Bank, Oak Hill Animal Clinic and so much more. Less than 2 miles east of the historic Lake County Courthouse and Crown Point Square with shopping, dining, banking, entertainment and more. 1.5 miles southeast of the Crown Point SportsPlex. ***Less than 1/4 mile from the recently announced $250 million dollar Fountains of Crown Point, initial plans calling for two hotels, a bowling alley, a theater, upscale and fast casual restaurants, a specialty grocery store, residential town homes, and a fire station. Anchoring the development would be a premier outlet mall with 80 to 100 stores. Fountains is being called a landmark shopping, dining, and entertainment destination.