3800 W 87th Ave, Merrillville, IN 46410

This offering includes approvals for approximately 600 residential-self-storage units and five 10,000 square foot flex warehouse buildings. The property is located in Phase 6 of the Liberty Estates planned unit development (PUD), which is part of an overall +/-350 acre master-planned development with plans for approximately 2,000 residential units. Liberty East includes 85 single-family owner-occupied homes, 71 rent-to-own townhomes (45 completed and occupied, 26 nearing occupancy), 224 two-bedroom/two-bath rental bungalows (approximately 60% completed with a waiting list), 500 market-rent apartments, and a 236 mixed-use residential rental community. Liberty West is zoned for an additional 650 mixed-use residential housing units. The developer has fully installed infrastructure serving Phases 1-7, including sanitary, water, detention, and offsite improvements. Engineering for Phase 6 is nearly complete, with a plat expected to be filed, allowing for immediate construction in the summer of 2026. Additional support for this commercial site includes the town's pending groundbreaking (Fall 2026) of a $12 million Whitcomb Street road improvement project, creating a three-lane thoroughfare from the entrance north to US30, including a roundabout at the PUD entrance. A 20-acre regional park is planned 800 feet south of the Phase 6 entrance on Whitcomb, with groundbreaking expected in mid-2027. Groundbreaking is tentatively scheduled for the summer of 2026 for the Phase 8 236-unit residential rental community, which may be tied into Phase 6 with a sidewalk. The flex warehouse space is scarce with well-located newly constructed flex buildings leasing or selling quickly. The +/- 600 residential storage service absorption will benefit from the active relocation of residents and the connectability of over 2,000 residential units.