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    9100 Connecticut St Merrillville, IN 46410

    Sponsored
    For Sale
    $1,670,000

    Prime Indiana Land, $1.67M Asking

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 19.6-acre parcel, located at 9100 Connecticut in Merrillville, Indiana (zip code 46410), presents a compelling investment opportunity. Currently zoned for residential Planned Unit Development (PUD), this land offers significant potential for residential development. The property is held in trust and is being offered at an attractive price of $1,670,000, translating to $85,000 per acre. Situated in Lake County, Indiana, the property boasts a convenient location within Merrillville, offering easy access to local amenities and transportation networks. The precise latitude and longitude coordinates are 41.450143, -87.333422, allowing for precise location verification and mapping. This is a rare opportunity to acquire a substantial land holding in a desirable Indiana location, perfectly suited for residential development projects. The existing residential PUD zoning simplifies the development process, minimizing potential delays and streamlining the approval process. Serious inquiries are encouraged to explore the full potential of this valuable asset. The property is offered as-is. All interested parties are responsible for conducting their own due diligence.

    Property Features for 9100 Connecticut St

    General Information

    Property type
    Land

    HighLights

    • 19.6‑acre parcel in Merrillville, IN (46410) for $1,670,000 ($85,000/acre).
    • Currently zoned Residential Planned Unit Development (PUD).
    • Located in Lake County, offering convenient access to amenities and transportation.
    • Coordinates: 41.450143, -87.333422.
    • Offered as‑is; buyer responsible for due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.333422
    Latitude
    41.450143

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    FAQs

    What type of property is this?
    Land - Prime Indiana Land, $1.67M Asking
    Where is this land located?
    The property is located at 9100 Connecticut St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,670,000.
    What are key features of this property?
    This property features: 19.6-acre parcel in Merrillville, IN (46410) for $1,670,000 ($85,000/acre).; Currently zoned Residential Planned Unit Development (PUD).; Located in Lake County, offering convenient access to amenities and transportation.
    Request Owner's contact information
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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
    9100 Connecticut St Merrillville, IN 46410
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