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    Merrillville, IN
    Flex Space

    Merrillville, IN Flex Space for Sale

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    Auto Shop with Vehicle Storage Yard
    Updated: Jul 6
    Auto Shop with Vehicle Storage Yard

    2400 W Ridge Rd, Gary, IN 46408

    $440,000
    5,832 sqft
    5,832‑square‑foot commercial building configured for automotive operations
    Three vehicle lifts with expansive open work areas
    New roof with new sheeting and updated electrical panels
    Office, tool room, parts storage, and industrial shelving
    Yard space for vehicle storage, equipment, outdoor inventory, or parking
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    This listing looks promising.

    Here's a quick look at some key insights for

    2400 W Ridge Rd, Gary, IN

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $34K
      Annual

    • Price @ 7% Cap

      $483K
      Above asking

    • Last Sold

      May 2020
      $58K

    • Property Type

      Commercial (General)
      Built 1949
    View Property Analytics
    Climate-Controlled Flex Garage with Offices
    Updated: Jun 26
    Climate-Controlled Flex Garage with Offices

    8213 Clay Street, Merrillville, IN 46410

    $239,900
    1,550 sqft 0.46 AC lot
    B‑3 (General Business District) zoning with well and septic service
    Building 1: 800 SF commercial office converted in 2007 and refreshed in 2024
    Building 1 office layout: 11' x 15' executive office, 11' x 10' private office, open‑concept workspace
    2024 upgrades include new LVP flooring, upgraded kitchenette/break room, and modernized restroom
    Building 2: fully heated 750 SF flex garage for storage, shipping, inventory, or fleet parking
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    Flexible Warehouse and Flex Space
    Flexible Warehouse and Flex Space

    2535 Garfield Street, Gary, IN 46404

    $650,000
    9,360 sqft 1.13 AC lot

    Versatile 9,360 SF building with an open, adaptable layout for office, retail, warehouse, or service operations.

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    Light Industrial Warehouse with Office
    Light Industrial Warehouse with Office

    8300 Clay St, Merrillville, IN 46410

    Contact for pricing
    10,000 sqft 1.00 AC lot

    Light industrial warehouse buildings feature insulated interior, three 14-foot overhead doors, and fenced security on paved land.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    M1-Zoned Flex Industrial Building
    M1-Zoned Flex Industrial Building

    8474 South Colorado Street, Merrillville, IN 46410

    Contact for pricing
    37,000 sqft 1.82 AC lot

    Vacant 37,000 SF flex industrial building on 1.82 acres, suited for owner-users or light industrial conversions.

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    Flex Building with Warehouse Overhead Door
    Flex Building with Warehouse Overhead Door

    5445-49 Broadway, Merrillville, IN 46410

    Contact for pricing
    9,000 sqft

    Brick flex building includes heated warehouse space, air-conditioned retail and office areas, and ample on-site parking.

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    Land with Approved Development Plans
    Land with Approved Development Plans

    3800 W 87th Ave, Merrillville, IN 46410

    Contact for pricing

    Land with approvals for residential, storage, and flex warehouse units.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 7 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    All-Steel Industrial Building with 20-Foot Ceilings
    All-Steel Industrial Building with 20-Foot Ceilings

    1031 E Summit Street, Crown Point, IN 46307

    $1,200,000
    7,640 sqft 1.16 AC lot

    All-steel industrial property with 20-foot ceilings, overhead cranes, and a separate office building on 1.16 acres with ample parking.

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    Flex and Warehouse Facility
    Flex and Warehouse Facility

    596 E Ridge Rd, Griffith, IN 46319

    Contact for pricing
    14,300 sqft 0.54 AC lot

    Flex space with 16’ clear height, two drive-in doors, and half warehouse area on 0.54 acres, subject to a new NNN lease.

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    Industrial Warehouse Flex Space
    Industrial Warehouse Flex Space

    1503 N Main St., Crown Point, IN 46307

    Contact for pricing
    32,651 sqft

    Industrial warehouse flex space totaling 32,651 SF is offered for sale.

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    Light Industrial Warehouse with Offices
    Light Industrial Warehouse with Offices

    149 S Colfax St, Griffith, IN 46319

    Contact for pricing

    Zoned light industrial warehouse with updated office space, 14'–18' ceilings, and multiple drive-in doors.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Orland Park Industrial Land Available
    Orland Park Industrial Land Available

    15459 S 70th Court, Orland Park, IL 60462

    $449,900
    1.10 AC lot

    1.1 acre industrial land for sale in Orland Park.

    View details
    Orland Park Commercial Parcel
    Orland Park Commercial Parcel

    15459 S 70th Court, Orland Park, IL 60462

    $449,900
    1.10 AC lot

    1.01-acre commercial parcel in Orland Park's Business District.

    View details
    Light Industrial Development Land
    Light Industrial Development Land

    850 N, Ossian, IN 46777

    $203,500
    8.14 AC lot

    8.14-acre light industrial site within Ossian city limits, with city utilities available and build-to-suit options.

    View details
    Industrial Land Redevelopment Site
    Industrial Land Redevelopment Site

    1744 S County Road 1050 E, Indianapolis, IN 46231

    $650,000
    4.24 AC lot

    Industrial land zoned Ag and Light Industrial, outside the floodplain, with utilities on or near site and redevelopment potential.

    View details

    Off-Market Properties in Merrillville, IN

    Consider similar Off-Market properties in Merrillville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3427 83Rd Pl
    Distribution properties

    3427 83Rd Pl, Merrillville, IN 46410

    Value Estimation by Request
    9,672 sqft
    View details
    5210 81St Ave
    Flex space

    5210 81St Ave, Merrillville, IN 46410

    Value Estimation by Request
    11,704 sqft
    View details

    Merrillville, IN Flex Space Market Trends and Statistics

    Explore 9 flex space for sale in Merrillville, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 72,742 square feet of properties for sale, with an estimated market value of $1,329,900.

    Sale prices for business spaces in Merrillville, IN start at $239,900, averaging $443,300, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 13
    Distribution centers 1
    Manufacturing properties 1

    Demographics Overview

    Population 39K
    Population Growth (5Y) +2.0%
    Median Household Income $61,735
    College Educated 16.4%

    High-Yield Neighborhoods for Investment

    Identify Merrillville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46410 $239.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $33.26 per SF
    Tax Rate vs County Average 0.75 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

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    • 46404
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