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Property profile & analytics
OFF-MARKET
Land

8700-8708 Merrillville Rd Merrillville, IN 46410

Property ID
Property summary
AI-generated overview

This exceptional 10.35-acre vacant land parcel presents a remarkable opportunity for developers seeking a prime location in Merrillville, Indiana. Situated at 8700-8708 Merrillville Road, this property is conveniently located south of 86th Avenue and east of Grant Street (requiring an extension). Originally part of the Sedona Planned Unit Development (PUD), the land boasts an R4 zoning designation, allowing for a high-density development of up to 10 units per acre. This makes it ideally suited for multi-unit residential projects, offering significant potential for substantial returns. The asking price for this expansive tract is $219,000. The property's address is precisely 8700-8708 Merrillville Road, Merrillville, IN 46410, within Lake County. Its geographical coordinates are 41.459838 latitude and -87.3459867 longitude. This ready-to-develop land offers a unique chance to capitalize on the growing demand for housing in a desirable Indiana location. The property's size and zoning make it an attractive investment for those seeking a high-yield development project. Serious inquiries are encouraged to explore the full potential of this exceptional offering.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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