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    359 East 59Th Pl Merrillville, IN 46410

    For Sale
    $490,000

    Vacant Land - Merrillville, IN

    Lot size:
    1.53 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 359 East 59Th Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    1.53 Acres

    Building Details

    Architectural style
    Other

    GesWein Farm & Land Realty (765) 427-1619

    Listing agent Craig Stevenson (765) 426-6666

    Listing date Sep 26, 2025

    MLS# 11581155 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Regency Park Townhome Lots

    For sale are 54 townhome lots located in Regency Park. These shovel-ready lots benefit from already approved engineered plans, offering the opportunity for immediate project commencement. Representing the final phase, these 54 lots complete the 258-lot subdivision. Regency Park includes a Homeowners Association and clubhouse. The total lot size is 1.53 acres. Located in Merrillville, Indiana, the property is situated at 359 East 59th Place, within the 46410 postal code.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.329341
    Latitude
    41.509327

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    FAQs

    What type of property is this?
    Land - 54 shovel-ready townhome lots in Regency Park, Merrillville, IN.
    Where is this land located?
    The property is located at 359 East 59Th Pl Merrillville, IN.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Shovel-ready: Engineered plans are already approved, allowing for immediate project start.; - 54 Townhome Lots: Represents a significant portion of a development project.; - Last Phase: These are the final 54 lots in the 258-lot Regency Park subdivision.
    (765) 426-6666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    359 East 59Th Pl Merrillville, IN 46410
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