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    OFF-MARKET
    Commercial real estate

    7800 Grant St, Merrillville, IN 46410

    21 ac lot
    Property ID
    US31-0453754
    Property summary
    AI-generated overview

    This exceptional 21-acre parcel, located at 7800 Grant Street in Merrillville, Indiana (46410), presents a unique investment opportunity. Zoned R-5, it's one of the few remaining high-density residential-zoned parcels in the area, offering significant development potential. The property boasts a conceptual plan outlining the possibility of constructing 320 units, making it ideal for high-density residential development. Its prime location just north of the Route 30/Grant Street intersection provides easy access to Interstate 65 via Route 30, ensuring excellent connectivity. High traffic counts further enhance its appeal: 46,253 vehicles daily on Route 30, 17,248 on Route 55, and 59,457 on I-65. The property's APN is 45-12-20-26-004.000-30, and annual taxes are $1,791. The asking price for this remarkable land opportunity is $2,900,000. This is a rare chance to acquire a substantial, strategically located parcel with significant development potential in a thriving Indiana community. Contact us today for more details.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 21 ac (914,760 SF)
    APN 45-12-20-26-004.000-30
    UPID US31-0453754
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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