South Ridge Park Lots

Vacant Land for Sale
Catylist Listing ID: 29651336
Property Subtypes: Industrial
Gross Land Area: 2.94 - 10.39 Acres
Sale Price: $199,920 - 588,880
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/2/2021

Overview / Comments

Property has many development possibilities. Present zoning is M1/M2 light industrial. Mississippi Street was recently widened to four lanes with stop light intersection in 2016. 8 lot Industrial Park Subdivision with 4 fully improved available lots. Lot pricing is based on $68,000 per acre net of drainage areas. See attached PDF on Why Indiana! IEDC State marketing for all the great reasons to consider the move or expansion to this property. 2018 pay 2019 taxes total $564.32.

1 mile southeast of the I-65 and U.S. 30 interchange. I-65 to U.S. 30 east 1 block to Mississippi Street then south 3/4 mile to 89th Avenue (aka Harms Road) then east to entrance of park. Southlake Mall is less than 1 mile to the north. Great access to regional highways of I-65, I-80/94 and I-90. 12 miles east of Illinois state line. Merrillville is the largest town in Indiana, with the third-lowest tax rate in Lake County.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-26-176-001.000-030, 45-12-26-176-003.000-030, 45-12-177-001.000-030, 45-12-26-177-002.000-030, 45-12-26-177-003.000-030
Zoning: M1/M-2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 32,960 92,028
Median Age: 39.75 38.59
Households: 13,750 35,709

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