8400 Colorado St Merrillville, IN 46410
- Land
- 1.80 lot acres
Current Use by Public Records
- Land
Property Details for 8400 Colorado St
- Lot size
- 1.80 lot acres
- Property type
- Land
Description
This 1.8-acre commercial land parcel in Hobart, Indiana, presents a unique development opportunity. Located in the Merrillville/Hobart commercial corridor and situated within an industrial park, this property boasts Manufacturing-1 zoning, allowing for diverse uses including retail, service industries, production facilities, processing plants, and warehouses. Its prime location offers excellent access to major transportation arteries, with I-65 just 1.5 miles and US-30 only 0.5 miles away. The flat terrain and readily available utilities simplify construction and minimize site preparation costs. A significant advantage is the inclusion of a leased billboard generating approximately $1,500 in annual income. The property is conveniently located within the US 30 & 69th Avenue Tax Increment Financing (TIF) district, benefiting from strategic public investments designed to stimulate economic growth. This exceptional location and versatile zoning make this a highly attractive investment opportunity. The asking price is $149,000. Lake County address: 8400 Colorado St, Hobart, IN 46410. Zip code 46410.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.2977
- Latitude
- 41.4644
