Planned Unit Development Apartment
For Sale
$995,000
7961 Harrison Place, Merrillville, IN 46410
Multifamily development site with a retention pond and utilities stubbed at the property lines for up to 60 units.
Property Size319,338 SF
Price / SF$3.12
Days on Market367
Property Features for 7961 Harrison Place
General Information
Standard status
Active
Size
319,338 SF
Property subtype
Land / Unimproved Land
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$9,629
Listing Agency:
BS Realty Services Indiana LLC
Listed By:
Sabine Miller · License #475166780
(630) 205-1146
Source:
Compass
Added: Nov 3, 2025
Changed: Nov 1
Last Checked: Nov 3 at 8:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BS Realty Services Indiana LLC
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Investment Insights
Based on property information with market context.
This multifamily development property was previously approved for a Planned Unit Development (PUD), with three planned buildings already constructed and visible near Taney Circle and Harrison Place. Per the Town Stormwater Director, a retention pond is already present and is expected to require minimal work. Water, sewer, electric, and gas services are stubbed off at the property lines.
The property is described as being within minutes of I-65 and US Highway 30, with proximity to shopping, restaurants, and transportation. The Town has indicated support for development per the PUD plan shown and has stated openness to changes to the original plan, including potential office/bank/clubhouse uses.
With the approval framework in place and existing elements on site, up to 60 units could potentially be built in the same manner. There is no HOA in place at this time, and buyers are directed to review the GIS information and the PUD plan for details.
The property is described as being within minutes of I-65 and US Highway 30, with proximity to shopping, restaurants, and transportation. The Town has indicated support for development per the PUD plan shown and has stated openness to changes to the original plan, including potential office/bank/clubhouse uses.
With the approval framework in place and existing elements on site, up to 60 units could potentially be built in the same manner. There is no HOA in place at this time, and buyers are directed to review the GIS information and the PUD plan for details.
Key Highlights
- Previously approved for a Planned Unit Development (PUD) with a retention pond already present
- Utilities stubbed at property lines: water, sewer, electric, and gas
- Water hydrant located at the edge of the property at Taney Circle and Harrison
Property Analytics
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Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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Business Placement
Demographics for 46410, IN
39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily development site with a retention pond and utilities stubbed at the property lines for up to 60 units.
Where is this apartment building located?
The property is located at 7961 Harrison Place Merrillville, IN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Previously approved for a Planned Unit Development (PUD) with a retention pond already present; Utilities stubbed at property lines: water, sewer, electric, and gas; Water hydrant located at the edge of the property at Taney Circle and Harrison
