8415 Whitcomb St Merrillville, IN 46410

Property Details for 8415 Whitcomb St

Lot size

16.06 lot acres

Property type

Land

Description

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.

Location Insight

City

Merrillville

County

Lake

State

Indiana

Longitude

-87.3794

Latitude

41.4649