3425 E. U.S. Highway 30/8203 Colorado St.

Vacant Land for Sale
Catylist Listing ID: 30779753
Property Subtypes: Industrial, Retail
Gross Land Area: 4.22 - 23.43 Acres
Sale Price: $1,266,000 - 3,667,250
Land Splits Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/1/2022

Overview / Comments

This is a prime development site situated in the heart of Northwest Indiana’s primary retail area. This 23.43-acre site has frontage on both U.S. 30 and Colorado Street just east of Southlake Mall. Parcel 1 has 428’ of frontage on U.S. 30 aka E. Lincoln Highway and has 4.22 acres and B-3 zoning. Parcel 2 has 418' of frontage on Colorado Street and has 19.21 acres with 17.89 acres zoned M-1 and 1.32 acres zoned B-3. The surrounding area is home to many retail, restaurant, offices, and Light Industrial buildings. The City of Hobart will be installing a "new roundabout" at the corner of 82nd and Colorado Street to help alleviate all the traffic.
2021 taxes payable 2022 are $31,773.40.
The property is zoned a combination B-3 (Commercial) and M-1. (Light Industrial). Great exposure on U.S. 30. All utilities are available for extension at or near to the site. 2020 INDOT traffic counts for U.S. 30 are 27,484 cars/day east of Colorado Street. See attached IEDC Why Indiana Fact Sheet on all great reasons to bring your business to Indiana.
From I-65, Exit US 30 East for approximately 1 1/4 miles. Merrillville/Hobart is considered a hub for retail trade in Northwest, IN. The US 30 corridor near I-65 is home to many large, big box retailers, restaurants, and hotels. Close proximity to 6 million square feet of retail including Home Depot, Target, Big Lots, Xfinity Store, Southlake Mall, across from AutoZone, Speedway, Avalon, Wendy's, Walmart, Sam's Club Centier Bank.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-24-302-004.000-046, 45-12-24-302-003.000-046
Zoning: B-3, M-1
Feet of Frontage: 428
Zoning Description: The property is zoned a combination B-3 (Commercial) and M-1. (Light Industrial). Great exposure on U.S. 30. All utilities are available for extension at or near the site. 2020 INDOT traffic counts for U.S. 30 are 27,484 cars/day east of Colorado Street. See attached IEDC Why Indiana Fact Sheet on all great reasons to bring your business to Indiana.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,595 58,093 135,823
Median Age: 34.34 37.45 38.16
Households: 3,305 21,681 51,691

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