6201 Opportunity Ln Merrillville, IN 46410
This exceptional 1-acre commercial land parcel in Merrillville, Indiana, presents a unique investment opportunity. Located at 6201 Opportunity Ln, 46410, this property boasts a pre-engineered restaurant pad, complete with a paved parking lot and readily available utilities. Its strategic location just off the I-65 and 61st Avenue exit offers unparalleled visibility and accessibility for businesses catering to travelers. The site's existing infrastructure significantly reduces development time and costs, making it ideal for a quick turnaround project. The land is priced at $350,000, or $8.03 per square foot. Situated in the same parking lot as an Econolodge, this location benefits from existing traffic and brand recognition. Directions: From I-65, take the 61st Ave exit east to Mississippi St. Turn right (south) on Mississippi St. to the pad site at the southwest corner of Mississippi/62nd Ave. This property is perfect for a highway-oriented restaurant seeking a convenient and established location. The site's existing infrastructure minimizes development hurdles, allowing for a swift transition to operational status. Don't miss this chance to acquire a ready-to-build commercial lot in a high-traffic area.
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Days Inn & Suites by Wyndham Merrillville Hotel & Motel
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
Similar Nearby for Lease
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.