3425 Hwy, Merrillville, IN 46410
This exceptional 4.22-acre commercial land parcel presents a remarkable investment opportunity in Merrillville, Indiana. Located at 3425 E. U.S. Highway 30, this property boasts 428 feet of frontage on a major thoroughfare, experiencing high daily traffic counts of 41,922 vehicles (2022 INDOT data). The B3 zoning allows for a wide range of commercial uses, making it ideal for retail, restaurants, or light industrial development. Situated in a thriving retail hub near Southlake Mall and numerous big-box retailers (including Home Depot, Target, and Walmart), this location offers unparalleled visibility and accessibility. The property's proximity to I-65 further enhances its strategic value. All utilities are readily available for extension. A new roundabout at 82nd and Colorado Street will improve traffic flow in the area. The property's APN is 45-12-24-302-004.000-046. The asking price is $1,500,000, representing a price per acre of $300,000. This is a rare chance to acquire a high-traffic, strategically located commercial land parcel in a rapidly growing area of Northwest Indiana. Don't miss this opportunity to capitalize on the strong retail presence and high visibility of this prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.