8731 Chase St, Merrillville, IN 46410 For Sale

Liberty Estates is the largest mixed use residential development in Northwest Indiana and is well positioned in the market. Within minutes to the east is the areas primary retail corridor providing access to approximately 3 million square feet of retail along with many national and regional restaurants and a dozen hotels. Equally nearby to the south east are major medical users including the first completed phase of the University of Chicago Crown Point hospital campus. Approximately 15 minutes to the west is the primary retail corridor of Schererville Indiana. Also minutes away is the major intersection of US 30 and I-65 which provides convenient access to I-80/94 and the Indiana toll road which affords a reasonable 50 minute commute to the City of Chicago. Further, public transportation to and from the City of Chicago is nearby via the South Shore Line. Walkable amenities include the 17 mile Erie Lackawanna regional bike trail, a 20 acre regional park (groundbreaking 2027), and self storage units within Phase 6 (groundbreaking 2027).

The offering herein is Phase 8 of the 300 acre Liberty Estates mixed-use development in Merrillville Indiana. Phase 8 is fully engineered with all final approvals expected in April 2026. Located in the south east section of the development, access is provided off Chase Street and 89th Avenue to the south and W. 86th Avenue to the north. The phase is comprised of 236 units of mixed residential including: 60 duplex, 9 tri-plex, 72 quad-plex, and 95 single family residences. All utilities are located on site or adjacent with a 12” water main running north/south through the phase, sanitary, electric & gas located to the north end of the parcel.

The phase will have a 25 year use restriction requiring a rental real estate tax status (no owner occupied tax deductions will be allowed during that time). The Developer is offering a potential Buyer two options for acquiring the site. The entire site may be purchased or just the single family southern phase may be purchased. If the overall site is not purchased, the Developer intends to build out the multi-family section.