745 E 61st Approx

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745 E 61st Approx

Merrillville, IN 46410
Asking Price
$60K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel totaling 0.839 acres for sale.
  • Property is situated in the Merrillville area of Indiana.
  • Asking price for the commercial development site is 60000 dollars.
  • Strategic location offers access to regional Northwest Indiana transit networks.
  • Site dimensions accommodate a variety of commercial and retail uses.

What's Special

Development of this 0.839-acre commercial land parcel in Merrillville, Indiana, provides a strategic entry point into a region serving as a primary retail and industrial hub for Northwest Indiana. The property sits within a well-traveled submarket that benefits from proximity to major transit corridors, connecting the area to the broader Chicago metropolitan region. Given the site configuration and local land use trends, this location is suitable for various commercial build-to-suit projects, including retail storefronts, service-oriented businesses, or professional office developments requiring high visibility and accessibility. Merrillville functions as an essential economic gateway, characterized by a diverse mix of commercial enterprises and robust service industry support. Investors and business owners seeking to expand their operational footprint will find this site positioned to capitalize on consistent traffic flow and regional economic activity. The parcel provides a clean slate for developers looking to customize a facility in a stable, established commercial corridor.

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NOI
$80,000
Cap Rate
133.33%
DSCR
22.46
Strong
Cash-on-Cash
424.65%
Monthly Payment
$296.847
Annual Cash Flow
$76,437.833

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