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    OFF-MARKET
    Commercial real estate

    7436 Hayes St, Merrillville, IN 46410

    62.84 ac lot
    Trust Owned
    Property ID
    US31-2496839
    Property summary
    AI-generated overview

    This exceptional 62.84-acre property presents a remarkable residential development opportunity in Merrillville, Indiana. Located in Lake County, just north of Highway 30 and three miles from Interstate 65, this site offers unparalleled access to major transportation arteries. Currently zoned SF-2 for single-family residential development, the property boasts near-flat topography and multiple potential ingress/egress points. Utilities are readily available nearby. While approximately 5.10 acres (8.1%) are designated wetlands, a substantial 57.74 acres (91.9%) remain available for building. The zoning requires a density of less than four dwelling units per acre, with a minimum floor area of 1,200 square feet, as per the 2011 City of Merrillville Zoning Development Map. Given the current high demand and low supply of single-family homes in the area, this land represents a significant investment opportunity. The property's location offers convenient access to Chicago (approximately 42 miles north) and Fort Wayne (approximately 120 miles east). This vacant, agricultural farmland presents a unique chance to capitalize on the thriving Merrillville real estate market. The asking price is $1,960,000. The address is 7436 Hayes St, Merrillville, IN 46410.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 62.84 ac (2,737,310 SF)
    UPID US31-2496839
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Land Trust
    Land Trust
    since 2026
    2 recorded transactions
    2026
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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