7800 Grant St, Merrillville, IN 46410
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.