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    7436 Hayes St Merrillville, IN 46410

    Sponsored
    For Sale
    $1,960,000

    62 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 62.84-acre property presents a remarkable residential development opportunity in Merrillville, Indiana. Located in Lake County, just north of Highway 30 and three miles from Interstate 65, this site offers unparalleled access to major transportation arteries. Currently zoned SF-2 for single-family residential development, the property boasts near-flat topography and multiple potential ingress/egress points. Utilities are readily available nearby. While approximately 5.10 acres (8.1%) are designated wetlands, a substantial 57.74 acres (91.9%) remain available for building. The zoning requires a density of less than four dwelling units per acre, with a minimum floor area of 1,200 square feet, as per the 2011 City of Merrillville Zoning Development Map. Given the current high demand and low supply of single-family homes in the area, this land represents a significant investment opportunity. The property's location offers convenient access to Chicago (approximately 42 miles north) and Fort Wayne (approximately 120 miles east). This vacant, agricultural farmland presents a unique chance to capitalize on the thriving Merrillville real estate market. The asking price is $1,960,000. The address is 7436 Hayes St, Merrillville, IN 46410.

    Property Features for 7436 Hayes St

    General Information

    Property type
    Farms
    Lot Size
    2,737,310 SF

    HighLights

    • 62.84‑acre residential development site in Merrillville, IN.
    • Excellent location: North of Highway 30, three miles from I‑65.
    • SF‑2 zoning allows single‑family homes (under 4 units/acre, 1200 sq ft min).
    • 57.74 acres (91.9%) developable; 5.10 acres (8.1%) wetlands.
    • $1,960,000 asking price; address: 7436 Hayes St, Merrillville, IN 46410.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.358056
    Latitude
    41.48192

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    FAQs

    What type of property is this?
    Farm - 62 Acres, Prime Development Site
    Where is this farm located?
    The property is located at 7436 Hayes St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,960,000.
    What are key features of this property?
    This property features: 62.84-acre residential development site in Merrillville, IN.; Excellent location: North of Highway 30, three miles from I-65.; SF-2 zoning allows single-family homes (under 4 units/acre, 1200 sq ft min).
    Request Owner's contact information
    7436 Hayes St 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
    7436 Hayes St Merrillville, IN 46410
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