7200 Lyman Ave Hammond, IN 46324
Estimated payment $1,174/month
Highlights
- 3.1 Acre Lot
- No HOA
- Neighborhood Views
About This Lot
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!
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,460
Additional Features
- 3.1 Acre Lot
- Neighborhood Views
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 450612381041000023
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | For Sale | $200,000 | -- | -- |
Source: Northwest Indiana Association of REALTORS®
MLS Number: 830464
- 7013 Jackson Ave
- 7115 Jackson Ave
- 34 Midway Ct
- 7027 Monroe Ave
- 7217 Van Buren Ave
- 12 169th St
- 7240 Harrison Ave
- 513 173rd St
- 17 167th Place
- 1678 State Line Rd
- 1647 Shirley Dr
- 220 173rd St
- 11 166th St
- 36 167th St
- 1514 State Line Rd
- 32 166th Place
- 41 167th St
- 264 173rd Place
- 6643 Van Buren Ave
- 1480 State Line Rd
- 32 166th Place
- 27 164th Place
- 17104 Wentworth Ave Unit 6
- 7611 Kinsley Place
- 17053 Grant St
- 1512 Lincoln Place
- 1380 Wentworth Ave
- 1376 Wentworth Ave
- 1360 Wentworth Ave
- 1338 Wentworth Ave Unit 1
- 325 Fairbanks Place
- 7325 Linden Place
- 5973 Park Place Unit 1
- 5945 Hyslop Place Unit 305
- 3060 Bernice Ave Unit 1N
- 3454 Monroe St
- 8 Waltham St Unit 1R
- 3002-3044 Bernice Ave
- 7537 Birch Ave
- 821 Becker St Unit Becker Garden Unit