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    3425 Hwy 30 Merrillville, IN 46410

    Sponsored
    For Sale
    $1,500,000

    Prime Retail Land: High Traffic, B3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.22-acre commercial land parcel presents a remarkable investment opportunity in Merrillville, Indiana. Located at 3425 E. U.S. Highway 30, this property boasts 428 feet of frontage on a major thoroughfare, experiencing high daily traffic counts of 41,922 vehicles (2022 INDOT data). The B3 zoning allows for a wide range of commercial uses, making it ideal for retail, restaurants, or light industrial development. Situated in a thriving retail hub near Southlake Mall and numerous big-box retailers (including Home Depot, Target, and Walmart), this location offers unparalleled visibility and accessibility. The property's proximity to I-65 further enhances its strategic value. All utilities are readily available for extension. A new roundabout at 82nd and Colorado Street will improve traffic flow in the area. The property's APN is 45-12-24-302-004.000-046. The asking price is $1,500,000, representing a price per acre of $300,000. This is a rare chance to acquire a high-traffic, strategically located commercial land parcel in a rapidly growing area of Northwest Indiana. Don't miss this opportunity to capitalize on the strong retail presence and high visibility of this prime location.

    Property Features for 3425 Hwy 30

    General Information

    Property type
    Land
    Lot Size
    183,823 SF

    HighLights

    • 4.22‑acre commercial land parcel in Merrillville, IN, at 3425 E. US Highway 30.
    • 428 feet of frontage on US Highway 30, with high daily traffic counts (41,922 vehicles in 2022).
    • B‑3 zoning allows for retail, restaurant, and light industrial uses.
    • Excellent location near Southlake Mall and major retailers (Home Depot, Target, Walmart), providing high visibility and accessibility.
    • Proximity to I‑65 enhances strategic value.
    • Utilities readily available for extension.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.293803716875
    Latitude
    41.47069458832

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    FAQs

    What type of property is this?
    Land - Prime Retail Land: High Traffic, B3 Zoning
    Where is this land located?
    The property is located at 3425 Hwy 30 Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 4.22-acre commercial land parcel in Merrillville, IN, at 3425 E. US Highway 30.; 428 feet of frontage on US Highway 30, with high daily traffic counts (41,922 vehicles in 2022).; B-3 zoning allows for retail, restaurant, and light industrial uses.
    (219) 795-1100
    Request Owner's contact information
    3425 Hwy 30 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
    3425 Hwy 30 Merrillville, IN 46410
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