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400-407 87Th Ave Merrillville, IN 46410

Sponsored
For Sale
$1,250,000

Almost 10 acres, prime residential location.

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional investment opportunity presents a portfolio of eight lots totaling 9.96 acres, ideally situated in Merrillville, Indiana. Located south of US 30, off Broadway, and near Methodist Hospital, this property benefits from a highly desirable location surrounded by established residential neighborhoods and medical offices. The land is already platted and subdivided, with retention systems in place, simplifying the development process. The zoning is R5 PUD Residential, allowing for high-density development. The combined asking price for this entire 9.96-acre parcel is $1,250,000, translating to a land value of $1.37 per square foot. The property's APN numbers are 45-12-28-253-015.000-030

Property Features for 400-407 87Th Ave

General Information

Property type
Land
Lot Size
433,858 SF

HighLights

  • Nearly 10 acres, platted & subdivided, with existing stormwater retention.
  • Prime location south of US 30, off Broadway, adjacent to Methodist Hospital.
  • Excellent location surrounded by residential neighborhoods and medical facilities.
  • High‑density R5 PUD residential zoning.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Spa & Massage Law Firm Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
-87.3406404
Latitude
41.45887

FAQs

What type of property is this?
Land - Almost 10 acres, prime residential location.
Where is this land located?
The property is located at 400-407 87Th Ave Merrillville, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Nearly 10 acres, platted & subdivided, with existing stormwater retention.; Prime location south of US 30, off Broadway, adjacent to Methodist Hospital.; Excellent location surrounded by residential neighborhoods and medical facilities.
More about this property
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