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    OFF-MARKET
    Land

    3425 Hwy, Merrillville, IN 46410

    4.22 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 4.22 ac (183,823 SF)
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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