9021 BroadwayMerrillville, IN 46410

Property Details for 9021 Broadway

Lot size

2.14 AC

Property type

Land

Property subtype

Commercial land

APN

45-12-27-304-010.000-030

APU

451227304010000030

Description

This exceptional 2.14-acre commercial land parcel in Merrillville, Indiana, presents a remarkable development opportunity. Located on Broadway Avenue, this property boasts 233 feet of prime frontage and is ideally situated just a quarter-mile south of Methodist Hospital. The C-3 Highway Commercial zoning allows for a wide range of uses, making it perfect for medical, professional office, or retail development. Previously platted as two lots, this site offers flexibility for various project sizes. All utilities, including sewer and water, are readily available, along with off-site drainage. The property benefits from a high-traffic location, with a 2022 Indiana Department of Transportation traffic count of 23,301 vehicles per day on Broadway. Nearby businesses include medical offices, insurance agencies, and various retail establishments, creating a thriving commercial environment. The 2023 payable 2024 property taxes are $7,346.58. This is a turnkey opportunity for immediate development. The potential for assemblage with additional land (up to 8+ acres) is also available. This property offers significant potential for investors seeking a high-visibility location with strong infrastructure and a diverse surrounding community.

• Alternative Use

  Use

  Valuation

  Residential

  $34,289,940

  Hospitality

  $31,409,400

  Educational

  $26,132,252

  Medical

  $27,030,980

  Retail

  $40,650,172

Location Insight

City

Merrillville

County

Lake

State

Indiana

Latitude

41.4542

Longitude

-87.3347

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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