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    8420 Indiana St Merrillville, IN 46410

    For Sale
    $1,555,000

    Office - Merrillville, IN

    Type:Office
    Property size:
    9,240 SF
    Lot size:
    0.83 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 8420 Indiana St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    451222476009000030
    Parking features
    Driveway, On Street, Paved or Surfaced
    Exterior features
    Lighting, Rain Gutters, Private Yard
    Size
    9,240 SF
    Lot size
    0.83 Acres

    Utilities

    Heating system
    Forced Air, Hot Water (Heating), Natural Gas

    Building Details

    Year built
    2000
    Architectural style
    Other

    Haven Realty LLC (708) 609-7189 [email protected]

    Listing agent Tyren Morgan (888) 724-2836 License #RB24000327

    Listing date Nov 7, 2025

    MLS# 827116 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Building Investment Opportunity

    This updated 9,240 square foot two-story office building is located in Merrillville's C3 Commercial & Office District. It is currently tenant-occupied, making it suitable for investors. The property is situated near I-65 and offers 32 on-site parking spaces, as well as street parking. High-speed internet is available. Recent upgrades include new HVAC systems installed in 2019 and 2023, with another installation planned for August 2025. The kitchens and bathrooms were remodeled between 2022 and 2023. New carpet and paint have been added, and the fire alarm and pull stations were updated in 2021. An advanced security system with cameras in every room was installed in 2023. The building features smart thermostats throughout, and the parking lot was resurfaced and restriped in 2020. The property is located at 8420 Indiana Street, Merrillville, IN 46410 and is situated on a 0.831-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Dental Office Law Firm Auto Repair Shop Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.318142
    Latitude
    41.464004

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    FAQs

    What type of property is this?
    Office building - Updated two-story office building in Merrillville's Commercial & Office District.
    Where is this office building located?
    The property is located at 8420 Indiana St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,555,000.
    What are key features of this property?
    This property features: - Fully updated 9,240 SF two-story office building in a prime location.; - Long-term tenant occupied, providing immediate rental income.; - Recent upgrades including remodeled kitchens & bathrooms (2022-23), and new carpet/paint. New HVAC systems installed in 2019, 2023, with future install in 2025.
    (888) 724-2836
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    8420 Indiana St Merrillville, IN 46410
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    Merrillville, IN 46410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8420 Indiana St Merrillville, IN 46410
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