7967 Colorado St

Hobart IN 46410

37462 sq. ft.

Land

Last sold for $62,000

Ryan Peters, last sold this property on 10 April 2026 after 34 days on market.

Overview

This 0.86-acre commercial development site is zoned B-1 (Neighborhood Business), which allows for a variety of retail, restaurant, and service-related uses. The site consists of flat, raw ground with approximately 85 feet of frontage on Colorado Street and dimensions of roughly 85 feet by 470 feet deep. Positioned just 500 feet north of US Route 30, the property benefits from proximity to one of Northwest Indiana's busiest retail corridors with traffic counts of approximately 41,676 vehicles per day. This location offers strong visibility, convenient access, and an excellent opportunity for users seeking a presence in Merrillville's established retail trade area.

Features

37462 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Hobart over the last 12 months, the estimated median property value of 7967 Colorado St is $38.75k.

Median value

$38.75k

Estimated value range

$9k - $550k

Median days on market

Estimated value trend

-14%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Hobart. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7967 Colorado St

2026

Sold

$62,000

10 Apr 2026 by Ryan Peters, of StreetFront, LLC

Happy sellers in Hobart

We have insufficient information to provide an overview of customer satisfaction for Hobart. Viewing the agent profiles, reviews and sales for Hobart can provide insights for this location.