8400 Colorado Street

Merrillville, IN 46410

$149,000
Price
78,408 / 1.8
Lot Size / Acres

Description

Located in the commercial corridor of Merrillville and Hobart, Indiana, this 1.8-acre parcel presents a prime development opportunity with its versatile M1 zoning. Ideally positioned within an industrial park,this lot is a blank canvas designed to accommodate a diverse range of operations, including retail,service industries, production facilities, processing plants, and warehouses, among others. The property's zoning caters explicitly to businesses that benefit from proximity to major transportation...Located in the commercial corridor of Merrillville and Hobart, Indiana, this 1.8-acre parcel presents a prime development opportunity with its versatile M1 zoning. Ideally positioned within an industrial park,this lot is a blank canvas designed to accommodate a diverse range of operations, including retail,service industries, production facilities, processing plants, and warehouses, among others. The property's zoning caters explicitly to businesses that benefit from proximity to major transportation veins, with excellent access to highways ensuring logistical ease for any enterprise. The flat terrain and all utilities available onsite simplifies construction and design, allowing for a more efficient utilization of space and a reduction in initial site preparation costs. Adding to the value is an on-site billboard that generates approximately $1,500 in annual profits. The lot falls within the US 30 & 69th Avenue TIF (Tax Increment Financing) District, an area specifically demarcated to spur economic development and improvement through strategic public investments.
  1. Listed by Ryan Peters • StreetFront, LLC
    P: (219)-510-3720 C: (219)-510-3720 ryan@streetfrontRE.com

Amenities

  • Corner Lot
  • Electricity Included
  • Range
LISTING UPDATED: 08/12/2024 06:01 PM

Property Details for 8400 Colorado Street

StatusActive
MLS #808405
Days on Market131
Taxes$5,144 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size1.80 AC
CountyLake County

Building Information for 8400 Colorado Street

Lot Size1.80 AC

Property Information for 8400 Colorado Street

Summary
Location and General Information
  • Directions: Southeast corner of Colorado Street and East 84th Place.
  • City/Town: Merrillville
  • State: IN
  • Township: Ross
  • ZIP: 46410
  • Latitude: 41.46
  • Longitude: -87.30
  • County: Lake
Taxes and HOA
  • Annual Tax Amount: $5,144.00
  • APN/Key #: 45-12-24-353-001.000-046
  • Tax Year: 2023
  • Tax Legal Description: PHADKING SUBDIVISION LOT 1
Property
Lot Information
  • Lot Square Footage: 78,408.00
  • Lot Dimensions: 290 x 287
  • Acres: 1.80
Property and Assessments
  • Property Type: Land
  • Property Subtype 1: Unimproved Land
  • Lot Description: Corner Lot, Open Lot
  • Road Access: City Street
  • Potential Use: Industrial
  • Current Use: Vacant
Utilities
  • Utilities: Electricity Available, Sewer Available, Water Available, Natural Gas Available
  • Electric: Other
Interior and Exterior Features
Exterior Features
  • Out Buildings: None
Interior Features
  • Equipment: None
  • Roof: None

Property History for 8400 Colorado Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8400 Colorado Street

Taxable ValueLand$198,000Additions-Total$198,000
Tax Record2023$6,324 ($527 / month)
Home Facts
Lot Size78,539 SqFtStyleCommercialCountyLAKEAPN45-12-24-353-001.000-046

Schools near 8400 Colorado Street

This home is within Merrillville Community School.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
John Wood Elementary School
PublicPK to 4

Merrillville Intermediate School
Public5 to 6

Pierce Middle School
Public7 to 8

Merrillville High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8400 Colorado Street is a 1.8 ac of land for sale in Merrillville, IN 46410. This property was listed for sale on August 12, 2024 by StreetFront, LLC, it's currently listed at $149,000. This listing's school district is Merrillville Community School. Nearby schools include John Wood Elementary School, Merrillville Intermediate School and Pierce Middle School. 8400 Colorado Street is a 0-bed, 0-bath, 1.8 ac of land on a 78,408 sq. ft. / 1.8 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of StreetFront, LLC

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.