Property profile

2215 Lincoln Hwy Merrillville, IN 46410

OFF-MARKET
Commercial land
Property ID
US31-0484466
0.37 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

A freestanding flex/retail property with a Dryvit exterior, formerly used by Culligan Water, containing 2,581 square feet of interior space. The layout includes an open entry/reception area with a pick-up counter, one private office, a bathroom, supply closets, and a shop area with access via a 10’ x 10’ overhead door. A rear shed building constructed in 1976 provides 3,000 square feet for vehicle and material storage and includes two 10’ x 10’ overhead doors; the space between the buildings is gravel-covered and fenced with a gate. The site comprises 1.14 acres, structured as four tax key numbers, with approximately 250 feet of frontage on U.S. 30 and about 200 feet of depth, plus an undeveloped grass area on the east end measuring approximately 75’ x 200’ that may be used for additional parking or new development. The property is located on the south side of U.S. Highway 30, one block east of Taft/S.R. 55, near commercial businesses including directly adjacent El Jimador Mexican Restaurant and nearby retail and restaurant uses; it is approximately 1.6 miles west of the I-65/US 30 interchange and about 1 mile west of Broadway (S.R. 53).

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.37 ac (15,987 SF)
APN 45-12-20-401-007.000-030
UPID US31-0484466

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store Hardware & Home Improvement

Location

2215 Lincoln Hwy Merrillville, IN 46410-5335
Merrillville metro Census 42508 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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