REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 149,000
Est. payment | /mo
78,408 SqFt
$ 149,000
Est. payment | /mo
78,408 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 78,408 sqft
Price per Sqft $1
MLS Listing ID 808405
Annual Tax Amount $5,144
Tax Year 2023
Lot Size 1.800 Acres
Acres 1.8
Lot Dimensions 290 x 287
Property Sub-Type Unimproved Land
Property Description
Located in the commercial corridor of Merrillville and Hobart, Indiana, this 1.8-acre parcel presents a prime development opportunity with its versatile M1 zoning. Ideally positioned within an industrial park,this lot is a blank canvas designed to accommodate a diverse range of operations, including retail,service industries, production facilities, processing plants, and warehouses, among others. The property's zoning caters explicitly to businesses that benefit from proximity to major transportation veins, with excellent access to highways ensuring logistical ease for any enterprise.The flat terrain and all utilities available onsite simplifies construction and design, allowing for a more efficient utilization of space and a reduction in initial site preparation costs. Adding to the value is an on-site billboard that generates approximately $1,500 in annual profits. The lot falls within the US 30 & 69th Avenue TIF (Tax Increment Financing) District, an area specifically demarcated to spur economic development and improvement through strategic public investments.
Location
State IN
County Lake
Interior
Fireplace N
Exterior
View Y/N true
View true
Building
Lot Description Corner Lot, Open Lot
Others
Tax ID 45-12-24-353-001.000-046
Acceptable Financing NRA20240812184640429032000000
Listing Terms NRA20240812184640429032000000
Listed by StreetFront, LLC