Property summary
This exceptional 16.06-acre land parcel in Merrillville, Indiana, presents a remarkable opportunity for residential development. Located within the Liberty Estates Phase 5 Planned Unit Development (PUD), this site boasts pre-approved plans for 250 apartment units, part of a larger 500-unit project. The PUD approval encompasses all necessary elements, including engineering, landscape design, lighting plans, and architectural review, minimizing delays and streamlining the development process. … An estimated 90-day approval timeframe is anticipated for final detailed plan submission. All essential infrastructure, including sanitary sewer, water main, storm infrastructure, electricity, and gas, is already fully installed by the developer, eliminating significant upfront costs. The site benefits from two curb cuts on 84th Avenue, providing direct access to Whitcomb Street and convenient access to US 30, I-65, 80/94, and I-90. This prime location offers proximity to a thriving commercial corridor with over 3 million square feet of retail and restaurants, major employers, and numerous amenities, including the Erie Lackawanna Trail and the Dean and Barbara White Community Center. The property is situated in a rapidly growing area of Lake County, Indiana, within the Chicago metropolitan area, experiencing significant commercial growth and job creation. Low real estate taxes (capped at 2%, excluding referendum items) further enhance the investment appeal. Comprehensive due diligence materials, including recorded PUD ordinances, easement agreements, title work, surveys, geotechnical information, traffic studies, and site plans, are readily available. This is a turnkey opportunity to capitalize on the strong demand for residential housing in a dynamic and strategically located market. The Town of Merrillville is planning to widen Whitcomb Street to three lanes in 2025/26, further enhancing accessibility and property value.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 16.06 ac
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
