Individually Owned Property summary
This exceptional 6.239-acre commercial land parcel presents a unique development opportunity in Merrillville, Indiana. Strategically located on Georgia Street, the property boasts unparalleled visibility from I-65, ensuring high traffic exposure for any future development. The Highway Commercial zoning allows for a wide range of uses, making it ideal for businesses seeking a prominent presence in a thriving area. The surrounding area is a hub of activity, with numerous medical and… professional office buildings, dozens of national retailers within a three-mile radius, and several hotels, corporate headquarters, a college, and a large hospital nearby. This prime location benefits from its proximity to the strong retail and restaurant corridors of Northwest Indiana, and a population of approximately 100,000 within a five-mile radius. The property is aggressively priced at $650,000, or $2.39 per square foot, representing a compelling investment opportunity for developers seeking high-impact visibility and strong potential returns. Access is easily gained from I-65 via Exit US 30 West to Georgia Street. Merrillville, situated in Lake County, is a key retail center in Northwest Indiana, home to the Fortune 500 company, NiSource. This is a rare chance to acquire a significant land holding in a high-demand location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 26,158 SF
- Lot area
- 2.82 ac
- Year built
- 2006
- Stories
- 2
- APN
- 45-12-22-380-005.000-030
- Assessed value · 2023
- $6,067,500
- Annual tax · 2022
- $142,168
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
- Cap Rate Calculation
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- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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