54 Townhome Lots – Shovel Ready – Merrillville Indiana

Property Facts

Listing Number
CS257654
Property Type
Development Property
Location
Merrillville, Indiana, Lake
Acres
1.53
Units
0
Price
490000
Market
North
Broker
Craig Stevenson
Status
Active

Property Description Comments

Investor/Builder Opportunity

Property Details

Available for sale are 54 Townhome Lots located in Regency Park that are shovel ready. Engineered plans have already be approved making this a rare opportunity to get a projected started immediately! These are the last 54 lots of the 258 lot subdivision. Regency Park has a Homeowners Association and clubhouse. The Seller will entertain all reasonable offers and owner financing could be available to the right Buyer.

Land Features

Shovel-ready lots – Construction can begin immediately

Engineered plans approved – All lots have pre-approved site engineering

Zoned for townhomes – Residential zoning for multi-family development

Infrastructure in place – Roads, curbs, and utilities are already installed

Located in Regency Park subdivision – An established residential community

Last 54 lots of a 258-lot development – Final phase of a successful neighborhood

Level topography – Easy site preparation and uniform construction potential

Municipal water and sewer connections available

Electric and gas utilities accessible on-site

Values and Attributes

Turnkey development opportunity – Minimal lead time to start construction

Fully entitled and approved – Eliminates delays in permitting or engineering

Fast speed to market – Accelerate timelines for construction and sales

Suitable for builders and investors – Ideal for small to mid-size development groups

Flexible purchase terms – Seller will consider all reasonable offers

Owner financing available – Attractive terms for qualified buyers

Located in a high-demand residential area – Strong buyer/renter interest

Built-in value – Situated in an already developed and occupied neighborhood

Prime location – Easy access to major highways, shopping, and regional employers

Reduced development risk – Due to approved plans and completed infrastructure

Legal Description and Taxes

Lake County – Ross Township

359 East 59th Place

Merrillville, IN 46410

Parcel #: 45-12-03-380-003.000-030, 45-12-03-380-002.000-030, 45-12-03-379-004.000-030, 45-12-03-379-003.000-030, 45-12-03-380-001.000-030, 45-12-03-379-001.000-030, 45-12-03-378-002.000-030, 45-12-03-378-001.000-030

Directions

From Merrillville: Head north on Broadway in Merrillville. After approximately 0.7 miles, you will pass Dairy Queen (Treat) on your right. Turn right onto E 61st Avenue and continue for 0.3 miles. Then, turn left onto Maryland Street, a restricted usage road, and proceed for about 256 feet. Turn left onto E 60th Drive, and shortly after, make the first right onto Delaware Drive, also a restricted usage road. The property—consisting of 54 fully developed townhome lots within the final phase of the Regency Park subdivision—will be located on the right.

Broker Contact

Managing Broker | Email: craig@edgeswein.com | Mobile: (574) 870 – 4383