From what I can tell by what's on the market, the lower end homes in downtown utica are being sold cheap and are being gutted. Property prices are increasing at a very fast and high rate. I personally think that Utica will eventually become the Prospect of Indiana but it will probably take a decade for it to get to the point where businesses start investing in the town.
Check for high end homes and vacant land for sale in Utica. Much of it is VERY high end now.