Property profile

8385 Merrillville Rd Merrillville, IN 46410

OFF-MARKET
Commercial land
Property ID
US31-0292261
0.93 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 1.86-acre parcel presents a prime development opportunity in Merrillville, Indiana. Strategically located on two corner lots at 8385 Merrillville Road, this C3-zoned land boasts high visibility and accessibility, situated just south of US-30 and minutes from I-65, ensuring significant traffic flow. The property's ideal location is complemented by its proximity to major amenities, including grocery stores, coffee shops, car dealerships, and a diverse range of dining options, catering to a substantial consumer base. This makes it an attractive site for a variety of commercial ventures. Infrastructure is readily available, with city water and sewer connections, natural gas, and high-speed internet access already in place. Detailed due diligence has been conducted, with land survey reports, topography information, and soil boring test results available for review upon request. This turnkey opportunity is perfect for developers and investors seeking a high-impact location with established infrastructure and strong market potential. The asking price for this exceptional property is $250,000. Don't miss this chance to capitalize on this remarkable investment potential in a thriving commercial area. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.93 ac (40,467 SF)
APN 45-12-21-452-004.000-030
UPID US31-0292261

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8385 Merrillville Rd Merrillville, IN 46410-6107
Merrillville metro Census 42509 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2020
Price N/A
2012
$17,105
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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