Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I-65 Merrillville, IN 46410
    Back to Search
    Property profile & analytics

    I-65 Merrillville, IN 46410

    View on Map
    • Land
    • 1.00 lot acres
    For Sale
    $225,000
    View Listing →
    AmeriPlex Land: I-65, Merrillville For Sale
    $225,000

    AmeriPlex Land: I-65, Merrillville

    Prime Commercial Land, Indiana

    Gary, IN 46410
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 I-65

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity within the AmeriPlex at the Crossroads, a 386-acre mixed-use, master-planned Indiana Certified Technology Business Park. Located in Merrillville, Indiana, with convenient access to I-65, this property boasts flexible building designs to accommodate multiple users. The land is zoned CIS/PUD, allowing for a variety of uses including education centers, offices, medical/life science facilities, retail/lifestyle centers, and precision manufacturing/flex spaces. Lots are available from 1 to 19 acres, with the developer offering both subdivided land sales and build-to-suit options for sale or lease. The asking price is $225,000, translating to $5.17 per square foot. Existing infrastructure includes off-site drainage ponds, walking paths, sewer, water, electric, gas, and high-speed fiber optic lines. A 10-year tax abatement is available for some projects. This location offers excellent visibility with one mile of frontage on I-65 and is within six miles of three major interstate highways (I-80, I-94, and I-90). An additional 4.23 acres are available adjacent to the east. This is an ideal location for businesses seeking a strategic position within a thriving technology park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3229
    Latitude
    41.4792

    Comparable in this City

    • Value Estimation by Request
      1.11 Acres

      Broadway Ave

      Land • 1.11 Acres
      0 Broadway Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      4.22 Acres

      3425 Hwy

      Land • 4.22 Acres
      3425 Hwy, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      3.00 Acres

      5340-64 Broadway

      Lifestyle centers • 43,688 SF
      5340-64 Broadway, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      87.00 Acres

      73Rd Ave

      Land • 87.00 Acres
      0 73Rd Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      9.96 Acres

      400-407 87Th Ave

      Land • 9.96 Acres
      400-407 87Th Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      12.03 Acres

      7990 Hwy

      Land • 12.03 Acres
      7990 Hwy, Merrillville, IN 46410
      View Details

    Similar Nearby for Sale

    • $225,000
      1.00 Acre

      AmeriPlex Land: I-65, Merrillville

      Prime Commercial Land, Indiana
      0 I-65, Merrillville, IN 46410
      View Details
    • $275,000

      0 Broadway

      Land
      0 Broadway, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2805 E 69Th Ave, Merrillville, IN 46410
      View Details
    • Contact for pricing

      33 Acres Build-to-Suit Land

      33 acres of land available for build-to-suit development.
      309 E 93Rd Ave, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Land For Sale Merrillville

      Land available for sale in Merrillville, Indiana.
      9100 Connecticut Dr, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      1500 E 83Rd Ave, Merrillville, IN 46410
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Costco

      Retail space available in Merrillville's retail district.
      1600 79Th Ave, Merrillville, IN 46410
      View Details
    • $1,400 /Mo

      Merrillville Office Space For Rent

      900 SF office space with reception, office, and conference room.
      280 W 80Th Pl, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Medical Office Space Sublet

      4,000 SF medical office space available for sublet.
      255 e 90Th Dr, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Broadfield Center Coworking Space Available

      Coworking space with flexible plans and professional amenities.
      9111 Broadway, Merrillville, IN 46410
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Merrillville, Indiana.
      311 E 89Th Ave, Merrillville, IN 46410
      View Details
    • Contact for pricing

      New Divisible Warehouse Space Available

      289,080 SF divisible warehouse space with tax abatement eligibility.
      8719 Mississippi St, Merrillville, IN 46410
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    I-65
    Merrillville, IN 46410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    I-65, Merrillville, IN, 46410
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!