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    8460 Mississippi St Merrillville, IN 46410

    Sponsored
    For Sale
    $400,000

    2 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2-acre parcel of land, zoned C-3, presents a remarkable investment opportunity in Merrillville, Indiana. Located at 8460 Mississippi Street, this property boasts a highly desirable location near the intersection of Mississippi Street and Indiana Avenue, offering convenient access to major transportation arteries. The site's proximity to Southlake Mall to the north and the US 30 and I-65 interchange just a few blocks south ensures high visibility and accessibility. Surrounding businesses include various hospitality establishments, national retailers, and restaurants, creating a vibrant and thriving commercial environment. Preliminary discussions with Merrillville town officials have indicated a potential for flex and/or warehouse uses, subject to meeting specific criteria and obtaining necessary municipal approvals. Utilities are to be connected to the site. The property's C-3 zoning allows for a wide range of commercial uses, including retail, office, and hospitality developments, making it an ideal location for a variety of businesses. The asking price for this exceptional property is $400,000. This prime location, combined with its versatile zoning and convenient access to major roadways, makes this a truly unique opportunity for investors and developers seeking a strategic foothold in a rapidly growing market within Lake County, Indiana, zip code 46410.

    Property Features for 8460 Mississippi St

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre C‑3 zoned parcel in Merrillville, IN, asking $400,000.
    • Located at 8460 Mississippi Street, near Mississippi & Indiana Ave intersection.
    • High visibility & accessibility near Southlake Mall & US 30/I‑65 interchange.
    • Surrounded by hospitality, retail, and restaurants; strong commercial environment.
    • Potential for flex/warehouse use (subject to approvals).
    • Utilities to be connected.
    Property Profile Location Intelligence

    Current Use by Public Records

    Christ Embassy Merrillville Gospel Church Holiday Inn Express ... Hotel

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Hair Salon 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
    -87.3168715
    Latitude
    41.4649752

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    FAQs

    What type of property is this?
    Land - 2 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 8460 Mississippi St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: 2-acre C-3 zoned parcel in Merrillville, IN, asking $400,000.; Located at 8460 Mississippi Street, near Mississippi & Indiana Ave intersection.; High visibility & accessibility near Southlake Mall & US 30/I-65 interchange.
    Request Owner's contact information
    8460 Mississippi 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
    8460 Mississippi St Merrillville, IN 46410
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