700 East 81St Ave Merrillville, IN 46410
Property profile & analytics
700 East 81St Ave Merrillville, IN 46410
- Grocery and convenience stores
- 960 SF
- 0.64 lot acres
Property ID
US31-0024015
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
- Grocery and convenience stores
Property Details for 700 East 81St Ave
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 960 SF
- Property type
- Grocery and convenience stores
- APN
- 45-12-22-153-009.000-030
- APU
- 451222153009000030
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3322
- Latitude
- 41.4716
- 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
$21,834
$508,900
$171,000
$679,900
-
$508,900
$171,000
$679,900
