Merrillville, IN Development Opportunity- I65 Visibility

8400 Georgia Street Merrillville, IN 46410

FOR SALE
Property Type:
Other Land
Amount:
$650,000
Last Verified:
Oct 10, 2019

Highlights

  • 6.23 acres of land for sale in Merrillville, IN
  • Located on Georgia Street with direct visibility from I-65
  • Numerous hotels, corporate headquarters and a hospital within the park
  • A population of roughly 100,000 within 5 miles
  • Located within the strongest retail and restaurant corridors of Northwest, IN
  • Aggressively priced to sell

Description

Approximately 6.23 acres of highly visible land for sale in Merrillville, IN. The subject property is located on Georgia Street with direct visibility from I-65. The surrounding area is primarily occupied by medical and professional office users with dozens of national retailers within a 3 mile radius. There are 3 hotels, 2 corporate headquarters, 1 College, a large hospital, and many other office users within the business park. The property is zoned Highway Commercial and priced aggressively to sell

From I-65, Exit US 30 West to Georgia Street

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: 6.24 acres

Map of 8400 Georgia 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.