Property profile

1500 83rd Ave Merrillville, IN 46410

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Property ID
US31-3128060
46,936 SF 2.4 ac Built 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 2.42-acre commercial land parcel presents a unique investment opportunity in Merrillville, Indiana. Strategically located at 1500 E. 83rd Ave., this property boasts unparalleled visibility due to its proximity to the South Lake Mall entry at Mississippi St. and E. 83rd Ave., ensuring high traffic exposure. The site benefits from all utilities, including town water and sewer, simplifying development. Its advantageous position adjacent to a brand-new WoodSpring Suites…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$125k
Tax billed · 2023
Assessed value$5.35M
Assessed land$539k
Assessed improvement$4.81M
Effective rate2.34%

Value estimate

· Nov 2026
$775k
$698k – $853k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.1
Smoke and Vape Shop8.9
Electrical Service8.8

Location

1500 83rd Ave Merrillville, IN 46410-6310
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8339 Ohio, Merrillville, IN 46410-6586 $4,300,000 Jul 2024 39,732 SF
8210 Louisiana, Merrillville, IN 46410-6354 $3,300,000 Jun 2024 53,076 SF
7850 Rhode Is, Merrillville, IN 46410-5600 $2,500,000 Feb 2023 65,678 SF
1350 83rd, Merrillville, IN 46410-6364 $3,150,000 Feb 2022 33,676 SF
1344 83rd, Merrillville, IN 46410-6364 $5,250,000 Jan 2022 43,644 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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