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Real Estate Auction In Indiana

Merrillville, IN 46410

Lake County, Indiana

82.62 Acres
Land Auction
January 24, 2019 5:00 PM
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Land Description

• 82.62+/- Acres in 1 Tract • Income Producing Property • Partially Wooded • Productive Farmland • 65.1+/- FSA Tillable Acres • Quick Access to I-65, US 30 and State Highway 51 • 1.5 Story House • Utilized as 2 Rental Units • 50 ft. x 60 ft. Pole Building • Concrete Floor • Explore the Hunting & Recreational Opportunities • Investigate Potential for Development or Your Estate Home • 5PM Central Time

Open House/Inspection Dates

Thursday, December 27 from 2-4Pm (Central)

Thursday, January 10 from 2-4Pm (Central)

Meet a Schrader Representative at the buildings on 73rd Ave.

Tract Descriptions

Tract 1: 82.6± ac Investigate potential for development or for your estate home. Also consider the income this property is producing. There are productive soils with 65.11 cropland acres per Fsa. The property is improved with a 1.5 story house which is presently utilized as two rental units. The first floor unit and detached 22 ft.x22 ft. garage rents for $650 per month and has 2 bedrooms and a bathroom. Another room is used as a bedroom and the closet is across the hallway. The second floor unit (with lower level side porch) rents for $500 per month and has 2 bedrooms and a bathroom. Each unit has a furnace and water heater in the basement. Do not overlook the 50 ft.x60 ft. pole building with full concrete floor. The property has frontage on 73rd Avenue. Much of the front of the property is wooded with a creek running through it. The interior of this tract offers some beautiful views, as well as seclusion, with much of the property lines being heavily wooded. This property offers quick access to I-65, U.S. 30 and State Highway 51. Address: 4301 E. 73rd Avenue, Merrillville, IN 46410.

The property is zoned R-3 (Single to Four-Family Residence District) along the frontage and R-2 ly (Small Lot) Residence District) south of that, as well as Fp-1 and Fp-2 (Flood Plain District) in the northwest and north central part of the property. The property is zoned by the City of Hobart and is all within the Hobart City limits.

REAL Estate Taxes: 2017 payable 2018: (1 Tax ID ) $5,626.70

Assessments: Little Cal River Basin - $90.00 - Hobart Storm Water - $122.50 - Merrillville Conservancy - $344.88

Fsa Information: Farm 52 - Tract 1139

Farmland 82.61 acres - Cropland 65.11 acres - Corn Base - 52.8 acres, PLC Yield - 107 - Soybean Base - 12.31 acres, PLC Yield - 31 Includes land that is not part of auction property

Land Maps


Property Location

From the I-65 and US 30 Interchange (Exit 253) in Merrillville, go east on US 30 approximately 1.3 miles to Colorado Street. Turn north (left) onto Colorado St. and go approximately.8 miles to 73rd Avenue. Turn east (right) onto 73rd Avenue and go approximately 1/2 mile to the property on the south side of the road.

Auction Location

Turkey Creek Golf Course & Banquet on the Green, 6400 Harrison Street, Merrillville, IN 46410. From the I-65 and 61st Avenue Interchange (Exit 255) in Merrillville, go west on 61st Avenue approximately 1.3 miles to Harrison Street. Turn south (left) onto Harrison Street and go.3 miles to auction site on the west side of the road.

More Land Details

> Residence / Home
> Mixed Use Zoning
> Flat Terrain
> Paved Road Access
Posted on LANDFLIP
33 Days Ago
Last Updated
33 Days Ago
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