Property profile & analytics
400-407 87Th Ave Merrillville, IN 46410
- Land
- 9.96 lot acres
For Sale
View listing
$1,250,000
Value Estimation
Location Intelligence
Current Use by Public Records
- Land
Property Details for 400-407 87Th Ave
- Lot size
- 9.96 lot acres
- Property type
- Land
Description
This exceptional investment opportunity presents a portfolio of eight lots totaling 9.96 acres, ideally situated in Merrillville, Indiana. Located south of US 30, off Broadway, and near Methodist Hospital, this property benefits from a highly desirable location surrounded by established residential neighborhoods and medical offices. The land is already platted and subdivided, with retention systems in place, simplifying the development process. The zoning is R5 PUD Residential, allowing for high-density development. The combined asking price for this entire 9.96-acre parcel is $1,250,000, translating to a land value of $1.37 per square foot. The property's APN numbers are 45-12-28-253-015.000-030
Value Estimation
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Last update: July 3, 2025
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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
- -87.3406
- Latitude
- 41.4589
