921 Calumet Ave Dyer, IN 46311
This exceptional 2-acre commercial land parcel, located at 921 Calumet Avenue in Dyer, Indiana (46311), presents a prime development opportunity. Situated within the Calumet Avenue District, this property boasts approved plans for a two-story, 20,000-square-foot office building, perfect for medical or professional office uses. The site is part of a larger development project that will include a senior living facility and a childcare center, creating a vibrant and desirable location. The property's convenient location offers easy access to major transportation routes and is strategically positioned just south of Munster, Indiana. With its proximity to Chicago (approximately 30 miles from downtown and 12 miles from the south side), this site benefits from a strong regional market and a growing population base. The property's APN is 45-11-06-301-003.000-034. This is a rare opportunity to acquire a fully approved development site in a thriving community. The land is zoned for commercial use within Lake County, offering significant potential for investors and developers seeking a high-return investment in a rapidly developing area. This 2-acre site offers a unique blend of convenience, accessibility, and future development potential.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.