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    4502-04 Magoun Ave East Chicago, IN 46312

    For Sale
    Contact for pricing

    Unimproved Land - East Chicago, IN

    Type:Unimproved Land
    Lot size:
    0.14 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 4502-04 Magoun Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    450329327008000024
    Exterior features
    Corner Lot
    Lot size
    0.14 Acres

    Building Details

    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Manuel Gonzalez (219) 864-7200

    Listing date Sep 19, 2025

    MLS# 817614 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Indianapolis Boulevard

    This property in East Chicago presents an investment opportunity, situated near an elementary school, restaurants, and a grocery store. Located off Indianapolis Boulevard, it offers accessibility to major highways, shopping, and dining options. The City of East Chicago is committed to homeownership and community development and offers down payment assistance programs for building a new owner-occupied home. The lot size is 0.1428 acres.
    Property Profile Insight Report 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 Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    East Chicago
    County
    Lake
    State
    Indiana
    Longitude
    -87.482613
    Latitude
    41.631999

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    FAQs

    What type of property is this?
    Land - Unimproved land near schools, restaurants, and shopping in East Chicago.
    Where is this land located?
    The property is located at 4502-04 Magoun Ave East Chicago, IN.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Prime location steps from elementary school, restaurants, and grocery store.; - Easy access to major highways via Indianapolis Blvd.; - Corner Lot.
    (219) 864-7200
    Request Owner's contact information
    4502-04 Magoun Ave East Chicago, IN 46312
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    East Chicago, IN 46312
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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
    4502-04 Magoun Ave East Chicago, IN 46312
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