700 East 81St Ave Merrillville, IN 46410
For Sale
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This exceptional 0.64-acre commercial land parcel presents a unique investment opportunity in the thriving Merrillville, Indiana market. Located at 700 East 81st Avenue, this property boasts unparalleled accessibility, situated near the intersection of major interstates I-65, I-80, and I-94, ensuring convenient access for businesses and customers alike. The strategic location is further enhanced by its proximity to a significant concentration of existing commercial development. Neighboring properties include over two million square feet of retail space, providing a robust and established commercial environment. In addition, over one million square feet of office and hotel space are located nearby, creating a high-traffic area with substantial consumer and employee populations. This prime location offers significant potential for a wide range of commercial developments, making it an ideal investment for developers seeking a high-visibility site with excellent connectivity and established commercial infrastructure. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The asking price for this exceptional parcel is $1,290,000. This represents a compelling opportunity to acquire a strategically located commercial land parcel in a rapidly growing area. Serious inquiries are encouraged.
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.