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    7990 Hwy 30 Merrillville, IN 46410

    Sponsored
    For Sale
    $2,250,000

    12 Acres, Highway 30 Frontage, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12.03-acre commercial land parcel presents a prime investment opportunity in Merrillville, Indiana. Boasting 660 feet of frontage on heavily trafficked US Highway 30 and an additional 689.87 feet on Randolph Street, this C-3 zoned property offers unparalleled visibility and accessibility. The site includes a Lamar billboard, adding immediate revenue potential. With 27,101 vehicles passing daily (2022 IDOT data), this location ensures high exposure for any commercial venture. Conveniently situated 5.5 miles east of I-65, the property benefits from excellent regional connectivity. Surrounding businesses include Smiles on Randolph, Resurrection Lutheran Church, Albanese Nut and Candy Factory, and Deep River Water Park, further enhancing its desirability. The property's proximity to the Town of Winfield and established residential communities like Lakes of the Four Seasons and Double Tree provides a strong customer base. The 2023 payable 2024 property taxes are $14,696.94. APN: 45-13-20-426-005.000-030. Note that the gross acreage is 12.03 acres, with 9.88 net acres after accounting for existing and proposed right-of-ways. This is a rare opportunity to acquire a high-traffic, strategically located commercial land parcel in a thriving Northwest Indiana market.

    Property Features for 7990 Hwy 30

    General Information

    Property type
    Land
    Lot Size
    524,027 SF

    HighLights

    • $2,250,000 asking price.
    • 12.03‑acre commercial land parcel.
    • C‑3 Highway Commercial zoning.
    • Located at 7990 E US Highway 30, Merrillville, IN 46410.
    • Includes a Lamar billboard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.239854120197
    Latitude
    41.470751261325

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    FAQs

    What type of property is this?
    Land - 12 Acres, Highway 30 Frontage, C-3 Zoning
    Where is this land located?
    The property is located at 7990 Hwy 30 Merrillville, IN.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: $2,250,000 asking price.; 12.03-acre commercial land parcel.; C-3 Highway Commercial zoning.
    (219) 795-1100
    Request Owner's contact information
    7990 Hwy 30 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
    7990 Hwy 30 Merrillville, IN 46410
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