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Liberty Estates Mixed-Use Development
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8731 Chase St, Merrillville, IN 46410

Phase 8 of Liberty Estates with 236 mixed residential units.

Property SizeContact for details
Lot Size300.00 Acres
Days on Market139

Property Features for 8731 Chase St

General Information

Standard status Active
Lot size 300.00 Acres
Property subtype Land, Multifamily
Zoning PUD
Listing Agency: Advent Real Estate Advisors
Listed By: Ross Brown · License #IN RB14049016
Source: Crexi
Added: Mar 24 Changed: Aug 8 Last Checked: Jul 16 at 4:56AM

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 Advent Real Estate Advisors

Investment Insights

Based on property information with market context.

Liberty Estates is a large mixed-use residential development located in Northwest Indiana. The property is situated near a primary retail corridor with access to approximately 3 million square feet of retail space, national and regional restaurants, and hotels. Major medical facilities, including the University of Chicago Crown Point hospital campus, are also nearby. The location provides convenient access to I-65, I-80/94, and the Indiana Toll Road, facilitating a commute to Chicago. Public transportation to Chicago is accessible via the South Shore Line. Walkable amenities include the Erie Lackawanna regional bike trail and a regional park with groundbreaking planned for 2027, as well as self-storage units within Phase 6, also with groundbreaking planned for 2027. This offering is Phase 8 of the 300-acre Liberty Estates in Merrillville, Indiana. Phase 8 is fully engineered, with final approvals expected in April 2026. Located in the southeast section of the development, it is accessible from Chase Street and 89th Avenue to the south and W. 86th Avenue to the north. The phase includes 236 units of mixed residential types: 60 duplexes, 9 triplexes, 72 quadplexes, and 95 single-family residences. All utilities are located on-site or adjacent, with a 12-inch water main running north/south through the phase, and sanitary, electric, and gas located to the north end of the parcel. The phase will have a 25-year use restriction requiring a rental real estate tax status. The developer offers two options for acquiring the site: purchase the entire site or just the single-family southern phase. If the overall site is not purchased, the developer intends to build out the multi-family section.

Key Highlights

  • Part of Liberty Estates, the largest mixed‑use residential development in Northwest Indiana.
  • Convenient access to US 30, I‑65, I‑80/94, the Indiana Toll Road, and the South Shore Line.
  • Proximity to major retail corridors in Merrillville and Schererville.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store HVAC Service Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

81
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Phase 8 of Liberty Estates with 236 mixed residential units.
Where is this residential land & home lot located?
The property is located at 8731 Chase St Merrillville, IN.
What is the asking price?
The asking price for this property is $4,368,000.
What are key features of this property?
This property features: Part of Liberty Estates, the largest mixed‑use residential development in Northwest Indiana.; Convenient access to US 30, I‑65, I‑80/94, the Indiana Toll Road, and the South Shore Line.; Proximity to major retail corridors in Merrillville and Schererville.
(219) 669-6090 Call to check price and availability
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