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8415 Whitcomb St
16.06 Acres of Residential Land Offered at £3,451,875 in Merrillville, IN 46410
Investment Highlights
- Fully Approved PUD including 400 appartments
- Near retail, restaurants and medical facilities
- All offsite improvements are at developers expense
- Low Taxes
- All infrastructure in place including offsite retention
- High growth south Chicago suburb
Property Facts
Price | £3,451,875 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 16.06 AC |
Price | £3,451,875 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 16.06 AC |
1 Lot Available
Lot
Price | £3,451,875 | Lot Size | 16.06 AC |
Price Per AC | £214,936 |
Price | £3,451,875 |
Price Per AC | £214,936 |
Lot Size | 16.06 AC |
The sloping lot is approximately 16.06 acres
Description
Liberty Estates, a mixed use residential and commercial PUD, offers 500 approved apartment units. The approved residential and commercial mixed-use PUD includes roughly: 250 residential units by Luxor Homes, Inc; 224 retiree type single story for rent units by Redwood; +/-25.3 acres of commercial flex space and storage and Phase 8 consisting of +/-50 acres of residential to be built by Luxor Homes, Inc. Developers fully installed infrastructure including retention serves the entire PUD, including Phase 5. The Buyer would only need final detailed plan approval (engineering, landscape design, lighting plan, architectural review). It is estimated that the approval process may take 90 days from initial submission. Luxor Homes, Inc. has over 50 homes under construction and is building the highest priced homes in Merrillville. Redwood is completing its infrastructure and roads and is expected to go vertical in the summer of 2024. Phase 5 is bordered by 84th Avenue to the north and Whitcomb Street to the West. Phase 5 monument signage is accounted for at the encore of Whitcomb Street and 84th and along Whitcomb Street. Access to Phase 5 is via two curb cuts along 84th. This allows direct entry from 84th to Whitcomb Street which provides Immediate access to US 30 to the north. This affords convenient travel to nearby I-65, 80/94 and I-90. Access to Phases 6 & 7 will be through Phase 6 to Whitcomb Street. The Town has begun its engineering for the Whitcomb Street corridor. The Town plans on widening Whitcomb Street to a three lane road. Work is expected to begin in 2025/26. Its strategic location also offers linkages to neighboring communities including; Crown Point to the south, St. John, Dyer and Schererville to the west, and Munster to the northwest. Traversing to I-394 and Rt. 41 can be achieved by several different routes allowing convenient avenues to the south suburbs of Chicago including Frankfort, Mokena and Tinley Park. Located approximately 45 minutes from the Chicago Loop, the Town of Merrillville is located in Lake County, Indiana centered at the intersection of US 30 and I-65 and is part of the Chicago metropolitan area. Over the last several years Merrillville has benefited from the construction of millions of square feet of light industrial development including: Amazon, Domino’s Supply Chain Center, Midwest Truck Parts, Big Lots Furniture Distribution Center and the recently started 2 million square feet Silo Farms development Including the new 1.4 million sf Amazon facility. Over 2,000 jobs have been created in the Town just in the last two years and aggressive commercial growth continues. The subject property is proximal to many amenities including: 1. Approximately 3 million square feet of retail and restaurants including national brands such as: Best Buy, Home Depot, Meijers, Walmart, Costco, Olive Garden, Outback, Hooters, Chic Fil A, McDonald’s, Macy’s, Starbucks, Schepel Buick GMC and Cadillac, Lexus, Art Hill Ford and many more 2. A dozen hospitality flags near the I-65 and US 30 interchange approximately 2 miles to the east 3. Immediate access to the 16 mile Erie Lackawanna Trail. Multiple golf courses are located nearby. 4. The Dean and Barbara White Community Center which includes: outdoor football and soccer fields, a community room, preschool, youth and adult programs, senior fitness programs, a fee fitness center for residents, basketball and volleyball courts, a rock climbing wall, event center, and sports leagues 5. Located near major expressways including: I-65, 80/94, I-90 and 394 Major area employers are: Amazon, NiSource, Methodist Hospital, Franciscan Health, Community Hospital Systems, Cleveland Cliffs, US Steel, Centier Bank, Alverno Clinical Labs, Monosol, Indiana University Northwest and Purdue University Northwest.
PROPERTY TAXES
Parcel Number | 45-12-19-451-004.000-030 | Improvements Assessment | £0 |
Land Assessment | £8,679 | Total Assessment | £8,679 |
PROPERTY TAXES
zoning
Zoning Code | PUD (Planned Unit Development.) |
PUD (Planned Unit Development.) |
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8415 Whitcomb St
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