This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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
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
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

PROPERTY TAXES

Parcel Number
45-12-19-451-004.000-030
Land Assessment
£8,679
Improvements Assessment
£0
Total Assessment
£8,679

zoning

Zoning Code PUD (Planned Unit Development.)
PUD (Planned Unit Development.)
  • Listing ID: 31808061

  • Date on Market: 15/05/2024

  • Last Updated:

  • Address: 8415 Whitcomb St, Merrillville, IN 46410

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}