For Sale
$1,960,000

7436 Hayes St Merrillville, IN 46410

62 Acres, Prime Development Site

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 62.84-acre property presents a remarkable residential development opportunity in Merrillville, Indiana. Located in Lake County, just north of Highway 30 and three miles from Interstate 65, this site offers unparalleled access to major transportation arteries. Currently zoned SF-2 for single-family residential development, the property boasts near-flat topography and multiple potential ingress/egress points. Utilities are readily available nearby. While approximately 5.10 acres (8.1%) are designated wetlands, a substantial 57.74 acres (91.9%) remain available for building. The zoning requires a density of less than four dwelling units per acre, with a minimum floor area of 1,200 square feet, as per the 2011 City of Merrillville Zoning Development Map. Given the current high demand and low supply of single-family homes in the area, this land represents a significant investment opportunity. The property's location offers convenient access to Chicago (approximately 42 miles north) and Fort Wayne (approximately 120 miles east). This vacant, agricultural farmland presents a unique chance to capitalize on the thriving Merrillville real estate market. The asking price is $1,960,000. The address is 7436 Hayes St, Merrillville, IN 46410.

Highlights

  • 62.84-acre residential development site in Merrillville, IN.
  • Excellent location: North of Highway 30, three miles from I-65.
  • SF-2 zoning allows single-family homes (under 4 units/acre, 1200 sq ft min).
  • 57.74 acres (91.9%) developable; 5.10 acres (8.1%) wetlands.
  • $1,960,000 asking price; address: 7436 Hayes St, Merrillville, IN 46410.

Property Details for 7436 Hayes St

Property type
Land, Farms
Lot Size (sq. ft)
2,737,310 SF

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.48192
Longitude
-87.358056

FAQs

What type of property is this?
Land - 62 Acres, Prime Development Site
Where is the land located?
The property is located at 7436 Hayes St Merrillville, IN.
What is the asking price?
The asking price for this property is $1,960,000.
What are key features of this property?
This property features: 62.84-acre residential development site in Merrillville, IN.; Excellent location: North of Highway 30, three miles from I-65.; SF-2 zoning allows single-family homes (under 4 units/acre, 1200 sq ft min).
How can I contact the broker?
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7436 Hayes St
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