Merrillville, IN Development- I65 Visibility

8400 Ohio Street Merrillville, IN 46410

FOR SALE
Property Type:
Other Land
Amount:
$379,000
Last Verified:
Sep 09, 2020

Highlights

  • 1.75 Acres of land for sale in Merrillville, IN
  • C-3 Zoning
  • Direct Visibility from I-65
  • Surrounding area of numerous hotels, offices and retail
  • Within 1/2 mile of Southlake Mall and millions of SF of Retail
  • All utilities to site

Description

Approximately 1.75 acres of highly visible land for sale in Merrillville, IN. The subject property is located on Ohio Street with direct visibility from I-65. The surrounding area is home to many hotels, office buildings and within 1/2 mile to Southlake Mall with millions of SF of Retail. The property is zoned Highway Commercial and priced aggressively to sell with all utilities to site. Merrillville is considered the largest retail districts of Northwest, IN.

From I-65, Exit US 30 East

Merrillville, Indiana is a town located in Ross Township, Lake County Indiana (Chicago MSA). As of the 2010 consensus, the population was 35,246.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. The US 30 corridor near I-65 is home to a large concentration of big box retailers, restaurants and hotels.

Lot Size: 1.75 acres

Map of 8400 Ohio Street, Merrillville, IN, 46410

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.