Property profile

4717 Lincoln Hwy Merrillville, IN 46410

OFF-MARKET
Turn key restaurants
Property ID
US31-0538686
4,064 SF 2.73 ac lot Built 1943
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

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

Location

4717 Lincoln Hwy Merrillville, IN 46410-5820
Merrillville metro Census 42301 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2023
Price N/A
2022
Price N/A
2018
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4717 Lincoln Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message