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    173rd Ave & Colorado St Hebron, IN 46341

    For Sale
    Contact for pricing

    Two parcels, ±40 & ±59 acres, I-65 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land offering presents two strategically located parcels totaling approximately 99.35 acres in Hebron, Indiana. The Northeast corner parcel encompasses approximately 40 acres, while the Northwest corner parcel offers approximately 59.35 acres. Both parcels are situated at the intersection of East 173rd Avenue and Colorado Street in Lake County, providing unparalleled access and visibility. The property benefits from its close proximity to the crucial four-way interchange of Interstate 65 and Route 2 (181st Avenue), ensuring convenient access for both local and long-haul transportation. This strategic location also places the property near a variety of established amenities, including numerous truck stops and restaurants, catering to the needs of businesses and their employees. Further enhancing its appeal, the land is adjacent to a significant new development: a 120-acre U.S. Cold Storage facility. This proximity to a major logistics player underscores the area's burgeoning commercial growth and potential for synergistic opportunities. The sale price is subject to offer, making this a compelling investment opportunity for developers and businesses seeking a prime location with excellent infrastructure and future growth potential in a rapidly developing area. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

    Property Features for 173rd Ave & Colorado St

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • 40‑acre parcel at the Northeast corner of 173rd and Colorado.
    • 59.35‑acre parcel at the Northwest corner of 173rd and Colorado.
    • Excellent access to I‑65 via Route 2 (181st Avenue), plus nearby amenities.
    • Adjacent to a new 120‑acre U.S. Cold Storage facility.
    • Price: Offers considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hebron
    County
    Lake
    State
    Indiana
    Longitude
    -87.296131
    Latitude
    41.3037791

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    FAQs

    What type of property is this?
    Land - Two parcels, ±40 & ±59 acres, I-65 access.
    Where is this land located?
    The property is located at 173rd Ave & Colorado St Hebron, IN.
    What are key features of this property?
    This property features: 40-acre parcel at the Northeast corner of 173rd and Colorado.; 59.35-acre parcel at the Northwest corner of 173rd and Colorado.; Excellent access to I-65 via Route 2 (181st Avenue), plus nearby amenities.
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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
    173rd Ave & Colorado St Hebron, IN 46341
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