Evening Republican, Volume 18, Number 144, Rensselaer, Jasper County, 19 June 1914 — Lot Sale at Cedar Lake Is Causing Boom There. [ARTICLE]

Lot Sale at Cedar Lake Is Causing Boom There.

A Cedar Lake man tells great stories of the lot sales going on there at present. He claims 4,700 lots had been sold up to two weeks ago, and that over 400 acres of land has been sold and subdivided and more is wanted. None of the lots sold are nearer than 60 rods of the lake front and many are from a half to a mile and a half away. Twenty-five foot fronts sell for $5 down and a dollar a week until $35 is paid, and then a deed with a dear title is given to the purchaser. The name of the new place is "The Shades,” and the originators of the new summer resort are offering gilt-edged prices for tracts of land anywhere within a mfle of the water front. The purchasers of lots are all city people who have bought with the Intention of building cheap summer places in which to spend their summer vacations. It has certainly advanced the price of land all the way around the lake for quite a distance