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    8575-8595 Grand Blvd Merrillville, IN 46410

    Sponsored
    For Sale
    $395,000

    Prime 20-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre commercial land parcel presents a unique investment opportunity in Merrillville, Indiana. Located at 8575-8595 Grand Blvd, this property is zoned SF-1, offering significant development potential. Its strategic location just southeast of Merrillville, in Lake County, provides excellent accessibility. The site enjoys proximity to major transportation arteries, including Highway 30, a key East-West corridor, placing it within convenient reach of significant population centers. Chicago is approximately 42 miles to the north, while Fort Wayne lies 120 miles to the east. Interstate 65, a major North-South thoroughfare, is conveniently located just three miles away, offering easy access to Indianapolis and beyond. The asking price for this expansive tract is $395,000. This presents a rare chance to acquire a substantial land holding in a rapidly growing area with strong infrastructure and convenient access to key transportation networks. The property's size and zoning make it suitable for a wide range of commercial developments, catering to the needs of a thriving regional economy. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Property Features for 8575-8595 Grand Blvd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • $395,000 asking price.
    • 20‑acre commercial land parcel.
    • Located in Merrillville, Lake County, Indiana.
    • Zoned SF‑1.
    • Situated near Highway 30, with Interstate 65 three miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel 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
    -87.25557
    Latitude
    41.460422

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    FAQs

    What type of property is this?
    Land - Prime 20-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 8575-8595 Grand Blvd Merrillville, IN.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: $395,000 asking price.; 20-acre commercial land parcel.; Located in Merrillville, Lake County, Indiana.
    (219) 877-4290
    Request Owner's contact information
    8575-8595 Grand Blvd 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
    8575-8595 Grand Blvd Merrillville, IN 46410
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