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Land for Sale

Development Property

54 Townhome Lots - Shovel Ready - Merrillville Indiana

Lake County, Indiana


$490,000

Auction Results:

1.53 +/- Acres

Listing #: CS257654

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.

CLICK + EXPLORE

  • Land Features

  • Values & Attributes

  • Directions

  • 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

  • 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

  • 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.

Disclaimer: All information provided by Geswein Farm & Land Realty, LLC or their sales representatives, brokers, managers, and advisors in connection with this property was acquired from sources deemed reliable and is believed to be accurate and reliable, however, we do not warrant its accuracy or completeness and it is subject to change without notice.

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Contact Craig Stevenson

Broker & Advisor

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54 Townhome Lots - Shovel Ready - Merrillville Indiana

Address 359 East 59th Place, Merrillville, Indiana 46410
Sale Price $490,000
Cap Rate N/A
Property Type Development Property
Property Subtype N/A
Market North
Sub Market N/A
Year Built N/A
Land Size (Acres) N/A
Building Size (SF) N/A
Lease Rate N/A
# of units N/A

Description/Comments:
Investor/Builder Opportunity

Space Descriptions:
N/A

Lead Broker

Craig Stevenson
Managing Broker
Geswein Farm & Land

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Land for Sale

Development Property

Lake County, Indiana


$490,000

1.53 +/- Acres

Call or Text (574) 870 - 4383
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