7436 Hayes St Merrillville, IN 46410
- Commercial real estate
- 62.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7436 Hayes St
- Lot size
- 62.84 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.358056
- Latitude
- 41.48192
