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508-22 W Chicago Ave 1.15 Acres of Commercial Land Offered at $499,000 in East Chicago, IN 46312
Investment Highlights
- Highly visible 1.15-acre corner site positioned at the intersection of W Chicago Avenue and Railroad Avenue.
- Excellent accessibility with close proximity to the Indiana Toll Road, providing regional connectivity.
- Situated in a well-established commercial corridor within East Chicago, surrounded by retail and service businesses.
- Located near major national retailers including Strack & Van Til and McDonald’s, ensuring strong consumer traffic.
- Intersection experiences a combined traffic count of over 25,000 vehicles per day, offering significant exposure.
- Strong potential for development or investment in a high-traffic, retail-driven location.
Executive Summary
1.15 acres located on the Northeast corner of W Chicago Ave and Railroad Ave. Located near Strack & Van Til, McDonald's and many other national retailers. The property is located minutes from the Indiana Toll Road. A combined over 25,000 vehicles/day pass through the intersection of W Chicago Ave and Railroad Ave. This is an ideal opportunity for an investor.
East Chicago is a city in Lake County, Indiana, United States. The population was 26,370 at the 2020 census. East Chicago became a leading industrial center by capitalizing on the resources of its metropolitan namesake and its proximity to Lake Michigan and the Calumet River. Mills and factory jobs drew tens of thousands of migrants to the region in the 1910s and 1920s. The town grew to the fringes of Whiting, Hammond, and Gary, eventually covering more than 12 square miles.
East Chicago is a city in Lake County, Indiana, United States. The population was 26,370 at the 2020 census. East Chicago became a leading industrial center by capitalizing on the resources of its metropolitan namesake and its proximity to Lake Michigan and the Calumet River. Mills and factory jobs drew tens of thousands of migrants to the region in the 1910s and 1920s. The town grew to the fringes of Whiting, Hammond, and Gary, eventually covering more than 12 square miles.
Property Facts
| Price | $499,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.15 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $499,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.15 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $499,000 | Lot Size | 1.15 AC |
| Price Per AC | $432,231.10 |
| Price | $499,000 |
| Price Per AC | $432,231.10 |
| Lot Size | 1.15 AC |
Description
1.15 acres located on the Northeast corner of W Chicago Ave and Railroad Ave. Located near Strack & Van Til, McDonald's and many other national retailers. The property is located minutes from the Indiana Toll Road. A combined over 25,000 vehicles/day pass through the intersection of W Chicago Ave and Railroad Ave. This is an ideal opportunity for an investor.
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 45-03-29-411-006.000-024 | Improvements Assessment | $0 |
| Land Assessment | $107,700 | Total Assessment | $107,700 |
Property Taxes
Parcel Number
45-03-29-411-006.000-024
Land Assessment
$107,700
Improvements Assessment
$0
Total Assessment
$107,700
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508-22 W Chicago Ave
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