Property Details
location
The subject property is located approximately 45 miles southeast of Chicago O'Hare International Airport and within the town of Merrillville. Nearby cities include: Crown Point (1/2 mile south), Hobart (1 1/2 miles northeast), and Schererville (2 miles west).
frontage
There is approximately 1/16 mile of road frontage on Lincoln Street, 1/8 mile on Merrillville Road, and 1/4 mile on W. 86th Avenue.
major highways
Indiana Road 53 is 1/2 mile east, Indiana Road 55 is 1/2 mile west, U.S. Route 30 is 5/8 mile north, and Interstate 65 is 1 1/8 miles east of the property.
legal description
A brief legal description indicates The Merrillville Road Property is located in Part of the Northwest Quarter of Section 28, Township 35 North - Range 8 West (Ross Township), Lake County, Indiana.
total acres
There are a total of 53.49 acres, more or less, according to the Lake County Assessor's office.
tillable acres
There are approximately 50 tillable acres. The property is free of leases and is available for agricultural production.
soil types
Major soil types found on this property include: Pewamo silty clay loam, Elliott silt loam, and Markham silt loam.
topography
The topography of the subject property is level to nearly level.
location climate growing season
Lake County has a humid continental climate, with cool winters and warm, damp summers. The average length of the growing season is nearly 155 days. The average high/low temperatures are around 84 F/64 F. Annual precipitation averages about 41.5 inches with over two-thirds of this coming during the growing season. Snowfall averages about 40 inches per year. This climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn and soybeans.
mineral rights
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
possession
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
price terms
The asking price is $8,350 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The 2014 real estate property taxes totaled $2,273.76. The tax parcel number is #45-112-28-151-001.000-030.
grain markets
There are a number of grain markets located within 15 miles of The Merrillville Road Property.
zoning
The Merrillville Road Property is zoned Residential - Vacant Land (500).
comments
Excellent location, contiguous to existing developments.