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    OFF-MARKET
    Turn key restaurants

    4717 Lincoln Hwy, Merrillville, IN 46410-5820

    4,064 SF 2.73 ac lot Built 1943
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US31-0538686
    Property summary
    AI-generated overview

    This exceptional 2.73-acre commercial and industrial land parcel presents a remarkable investment opportunity in Hobart, Indiana. Strategically located on the southwest corner of US Highway 30 and Clay Street, this property boasts a prominent stoplight intersection on a high-traffic thoroughfare, ensuring maximum visibility and accessibility. The site's proximity to the I-65/US 30 interchange further enhances its strategic value, placing it within easy reach of a large and diverse customer base. The area is densely populated with car dealerships, auto repair shops, retail outlets, and light industrial businesses, creating a synergistic environment for a variety of commercial ventures. Current owners are upgrading utility services to meet modern development standards. The B03 zoning permits a range of uses, making this location ideal for businesses seeking high visibility and convenient access. Annual property taxes are approximately $16,000. The parcel's size and location make it particularly well-suited for development projects such as gas stations, car washes, or other businesses that benefit from high traffic volume and excellent visibility. The property's APN is 45-12-24-426-005.000-046. This is a rare opportunity to acquire a prime commercial lot in a thriving Indiana market. The asking price is $899,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1943
    Construction WOOD
    Total area 4,064 SF
    Lot 2.73 ac (118,701 SF)
    APN 45-12-24-426-005.000-046
    UPID US31-0538686
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Racetrac INC · 1 yrs held
    Racetrac INC
    since 2025
    4 recorded transactions
    2025
    2023
    2022
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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