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7900 Broadway - Vacant Land 0.5 Acres of Commercial Land Offered at $250,000 in Merrillville, IN 46410
Investment Highlights
- High Traffic Count of 16,000+ vehicles per day
- Great Visibility
Executive Summary
Prime investment parcel zoned C-2, permitting professional services and the possibility of a drive-through retail location. The Lot is located in Merrillville directly across from a newly constructed 12,000 sq ft branch of the Bureau of Motor Vehicles and offers high visibility to over 16,000 vehicles per day. Merrillville, Indiana is a town located in Ross Township, Lake County Indiana (Chicago MSA). As of the 2020 census, the population was 36,444. The town is home to the corporate headquarters of NiSource, a Fortune 500 company. Merrillville is considered a hub for retail trade in Northwest, IN. Located within 1 mile of the Property is Southlake Mall and the I-65 retail corridor, which is home to a large concentration of big box retailers, restaurants and hotels.
The Lot is designated as #3 on the attached Site Plan and would provide cross easements for parking to share the 63 proposed parking spaces with the law office located at 7900 Broadway. The other 2 building sites depicted on the Site Plan are also available.
The Lot is designated as #3 on the attached Site Plan and would provide cross easements for parking to share the 63 proposed parking spaces with the law office located at 7900 Broadway. The other 2 building sites depicted on the Site Plan are also available.
Property Facts
1 Lot Available
Lot
| Price | $250,000 | Lot Size | 0.50 AC |
| Price Per AC | $500,000.00 |
| Price | $250,000 |
| Price Per AC | $500,000.00 |
| Lot Size | 0.50 AC |
Commercial Lot with frontage on Broadway. Lot size includes existing parking lot and proposed future parking. Will split from 2-acre parent parcel to allow construction of approx. 3200 sq. ft. building and parking for 50+ vehicles
Description
The Lot will be split from the parent parcel and is proposed to have approximately 100 feet of frontage on Broadway with the shared parking lot providing an additional 100 feet of frontage, as depicted on the attached aerial photo. The parent parcel is located on the corner of Broadway and 79th Street. Access to the shared parking lot is from 79th Street.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 45-12-21-276-012.000-030 | Improvements Assessment | $176,900 |
| Land Assessment | $528,700 | Total Assessment | $705,600 |
Property Taxes
Parcel Number
45-12-21-276-012.000-030
Land Assessment
$528,700
Improvements Assessment
$176,900
Total Assessment
$705,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
7900 Broadway - Vacant Land