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    2805 69Th Ave Merrillville, IN 46410

    Sponsored
    For Sale
    $1,650,000

    Prime residential development land near major highways.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional 47.04-acre parcel, identified by APNs 45-12-14-226-001.000-045 and 45-12-14-226-005.000-046, presents a remarkable opportunity for residential development. Located at 2805 E 69th Ave, Merrillville, IN 46410, this property boasts an R-2 zoning designation, ideal for smaller lot residential projects. Situated in Lake County, the land is strategically positioned in the northeast quadrant of I-65 and US 30, a major intersection in the area. Its location along the southwest portion of the roundabout where 69th Ave and Colorado meet provides excellent visibility and accessibility. The property benefits from its proximity to significant infrastructure, including the 330-acre Northwind Business Park just three blocks west, and major retail centers like Southlake Mall, located less than a mile south. With easy access to a network of highways including US 30, I-65, I-90, I-94, US 20, and US 12, and two I-65 interchanges within a 10-minute radius, this site offers unparalleled convenience and connectivity. This is a truly exceptional opportunity for developers seeking a prime location for residential construction in a rapidly growing area. The asking price is $1,650,000.

    Property Features for 2805 69Th Ave

    General Information

    Property type
    Land
    Lot Size
    2,049,062 SF

    HighLights

    • $1,650,000 asking price for 47.04 acres of residential land.
    • R‑2 zoning.
    • Located in Merrillville, IN (Lake County), at 2805 E 69th Ave, near the intersection of 69th Ave and Colorado.
    • Prime location for residential development, near I‑65 and US 30, with proximity to major retail and the Northwind Business Park.
    • Excellent highway access via I‑65, US 30, I‑90, I‑94, US 20, and US 12.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Food Market Accounting Firm Storage Facility HVAC Service Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3000383
    Latitude
    41.4924239

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    FAQs

    What type of property is this?
    Land - Prime residential development land near major highways.
    Where is this land located?
    The property is located at 2805 69Th Ave Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for 47.04 acres of residential land.; R-2 zoning.; Located in Merrillville, IN (Lake County), at 2805 E 69th Ave, near the intersection of 69th Ave and Colorado.
    Request Owner's contact information
    2805 69Th Ave Merrillville, IN 46410
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    Merrillville, IN 46410
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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
    2805 69Th Ave Merrillville, IN 46410
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