4717 Lincoln Hwy, Merrillville, IN 46410-5820
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.