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- LoopNet Team
7436 Hayes St
Merrillville, IN 46410
62.84 Ac for Residential Development Land · Land For Sale
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62.84 AC
INVESTMENT HIGHLIGHTS
- UTILITIES NEAR SITE
- MULTIPLE POINTS OF INGRESS & EGRESS POSSIBLE
- DEMAND OVERWHELMS SUPPLY OF SINGLE-FAMILY HOMES IN AREA
- NEAR FLAT TOPOGRAPHY
- CURRENTLY ZONED FOR SINGLE-FAMILY DEVELOPMENT
- Merrillville Residential Development Opportunity
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 62.84 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Commercial | ||
| Zoning | C - SF-2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 62.84 AC |
| No. Stories | 2 |
| Zoning | C - SF-2 |
DESCRIPTION
Merrillville Residential Development Opportunity 62.84 Acres for Sale Residential Development Land Highlights • UTILITIES NEAR SITE • NEAR FLAT TOPOGRAPHY • MULTIPLE POINTS OF INGRESS & EGRESS POSSIBLE • CURRENTLY ZONED FOR SINGLE-FAMILY DEVELOPMENT • DEMAND OVERWHELMS SUPPLY OF SINGLE-FAMILY HOMES IN AREA Zoning: SF-2 Current Use: Vacant / Ag The 2011 City of Merrillville Zoning Development Map shows the site zoned for R-2 single-family residential district, requiring a density of less than four (4) dwelling units per acre; and minimum floor area of 1,200 square feet. On-site water features, with 91.9% (57.74 acres ) available for development. Just northwest of Merrillville, this property is located in Lake County, in the most northwestern part of Indiana. The 62.84-acre site is currently vacant, agricultural farmland, and situated just north of Highway 30. Approximately 5.10 acres (±8.1%) of the land is designated as wetlands, leaving 57.74 acres (91.9%) available for development. Chicago is approximately 42 miles north and Fort Wayne is 120 miles east. Interstate 65, a main North-South thoroughfare, is three miles away and runs south to Indianapolis.
