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Property profile & analytics
OFF-MARKET
Specialty properties

7900 Grant St Merrillville, IN 46410-8536

0.07 ac lot
Entity Owned Free & Clear
Property ID
US31-1183296
Property summary
AI-generated overview

This exceptional 2.2-acre commercial lot presents a remarkable investment opportunity in Merrillville, Indiana. Situated on Grant Street, this property boasts a highly desirable C-3 zoning classification, opening doors to a wide array of potential uses. Its strategic location offers unparalleled accessibility, being conveniently located off US 30 and within a mile of I-65, ensuring high visibility and convenient access for customers and employees. The property's size is a significant advantage, making it one of the larger commercial lots available in the immediate area. The surrounding area is thriving, with nearby banks, offices, and senior living facilities, creating a strong and diverse commercial environment. The permitted uses for C-3 zoning are extensive and include, but are not limited to, hotels, banks, professional offices, various retail stores (apparel, antiques, art supplies, and many more), auto shops/garages, food sales establishments, laundromats, liquor stores, taverns, pawn shops, printing/copier shops, and sporting goods stores. The property's APN is 45-12-20-277-004.000-030. This is a rare opportunity to acquire a substantial commercial parcel in a high-growth area. The asking price for this exceptional property is $250,000. Don't miss this chance to secure your stake in Merrillville's vibrant commercial landscape.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Lot 0.07 ac (3,049 SF)
Zoning code R33
APN 45-12-20-276-005.000-030
UPID US31-1183296
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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
WATERTOWER RESIDENTIAL, INC
WATERTOWER RESIDENTIAL, INC
Zoning & alternative use
R33 · Merrillville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Code of Ordinances
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