6201 Opportunity Ln Merrillville, IN 46410
Property profile & analytics
6201 Opportunity Ln Merrillville, IN 46410
- Hotels
- 44,418 SF
- 3.63 lot acres
Property ID
US31-0336158
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Days Inn & Suites by Wyndham Merrillville / Hotel & Motel
Property Details for 6201 Opportunity Ln
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 3.63 lot acres
- Property size
- 44,418 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 45-12-10-228-001.000-030
- APU
- 451210228001000030
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $620,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $447,000
Market price range: $448k - $1.32M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $795,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3173
- Latitude
- 41.5047
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$35,512
$908,700
$791,300
$1,700,000
-
$908,700
$791,300
$1,700,000
