8400 Colorado Street
$149,000
78,408 / 1.8
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.
- Listed by Ryan Peters • StreetFront, LLCP: (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
Status | Active |
---|---|
MLS # | 808405 |
Days on Market | 131 |
Taxes | $5,144 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Unimproved Land |
Year Built | - |
Lot Size | 1.80 AC |
County | Lake County |
Building Information for 8400 Colorado Street
Lot Size1.80 AC
Property Information for 8400 Colorado Street
Property History for 8400 Colorado Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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