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    9205 Georgia St Merrillville, IN 46410

    For Sale
    $4,300,000

    13.24 Acres, I-65 Frontage, C-3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 13.24-acre commercial land parcel presents a significant investment opportunity in Merrillville, Indiana. Located at 9205 Georgia Street, the property boasts a prime location with 750 feet of frontage on I-65, ensuring high visibility and accessibility. The expansive lot, encompassing 573,833 square feet, is zoned C-3 (Highway Commercial), allowing for a wide range of development possibilities. The asking price is $4,300,000, translating to $325,000 per acre, reflecting the strategic value of this location. Situated in Lake County, Indiana, and identified by APN 42-12-27-454-005.000-030, this property offers unparalleled potential for businesses seeking high-traffic exposure. Current annual property taxes are $22,697. The substantial lot size and strategic highway frontage make this an ideal site for a variety of commercial ventures, from retail and restaurants to light industrial uses. Don't miss this chance to acquire a premier commercial land asset in a thriving Indiana market. Serious inquiries only.

    Property Features for 9205 Georgia St

    General Information

    Property type
    Land
    Lot Size
    576,734 SF

    HighLights

    • 13.24‑acre commercial land parcel
    • 573,833 square foot lot
    • C‑3 Highway Commercial zoning
    • Located in Lake County, Merrillville, Indiana
    • Annual property taxes: $22,697
    • APN: 42‑12‑27‑454‑005.000‑030
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Gym & Fitness Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.323425
    Latitude
    41.4502979

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    FAQs

    What type of property is this?
    Land - 13.24 Acres, I-65 Frontage, C-3 Zoning
    Where is this land located?
    The property is located at 9205 Georgia St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: 13.24-acre commercial land parcel; 573,833 square foot lot; C-3 Highway Commercial zoning
    Request Owner's contact information
    9205 Georgia St 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
    9205 Georgia St Merrillville, IN 46410
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