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7200 Lyman Avenue, Hammond, IN 46324

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For Sale

$200,000

3.1 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • 3.1 acres
    Lot size

Explore this Property

Three Acres of land across from a brand new commuter rail station to Chicago, few and far between, is the opportunity you've been waiting to arrive! Located within the Transit Development District, this prime real estate is rare earth. Set to open early next year, the South Hammond Station is fully constructed and right across the street. It is also connected to the Monon Bike Trail offering future residents high quality of life in a walkable, bikeable, and light rail rideable area along the new West Lake extension of the South Shore Line. The first new commuter rail in The Region in 100 years, this addition to North Township is certain to attract population growth and a desire for proximity. This is your blank canvass, raw and ready for your site plans. In just a few months riders will have six trains a day to Chicago as well as south to Munster Ridge and the Dyer stations! The bike trail features protected crossings headed north and south, bringing you to south to Munster and Crown Point or north to Downtown Hammond! There are an additional one hundred fifty feet of vacant frontage not included in this sale that could increase the total frontage on Lyman Avenue directly across from the new South Hammond Station. As it stands, this over three acres of undeveloped land offers over three hundred feet of frontage to the entrance of the station. Ride times to the third largest city in the country are estimated at thirty to forty five minutes depending on the number of stops. The most exciting fact of this prime of real estate is that it is already located within the Transit Development District as drawn by the city and RDA. That means all tax revenue generated at this location will remain within the TDD. That is not only an incentive for local government to approve development, it also means any taxes you pay will benefit the immediate area in which you intend to invest. Are you ready to help change the landscape of The Region? Welcome to South Hammond!
MLS# 830464

Courtesy Of Reeder Companies LLC

(219) 844-7007

Property Features

  • Architecture Style
    Other
  • Lot Size
    3.1 Acres

Map and Directions

Directions to 7200 Lyman Avenue, Hammond, IN 46324

Home seller CENTURY 21 Circle

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Circle

(219) 662-5445
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.