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    251-397 W 84Th Dr Merrillville, IN 46410

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    For Lease
    $10 SF/Yr

    Professional office building in Merrillville with expansion possibilities.

    Building Details

    Year built
    1990

    Source: Steve Nicksic, CCIM Agent Steve Nicksic, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Merrillville Multi-Tenant Office Building

    This multi-tenant professional office building offers 31,281 square feet of space. Each suite includes a dedicated entrance. The building features drive-up surface parking and an attractive brick exterior with large windows. An 8,000 square foot pad expansion is available. The property is conveniently located in Merrillville, three blocks south of US 30. On-site professional property management services are provided. Fiber internet is available. The estimated 2021 operating expenses are $4.62 per square foot.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3394835
    Latitude
    41.4642766

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    FAQs

    What type of property is this?
    Office building - Professional office building in Merrillville with expansion possibilities.
    Where is this office building located?
    The property is located at 251-397 W 84Th Dr Merrillville, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Multi-tenant professional office building with 31,281 SF.; - Each suite features a dedicated entrance.; - Conveniently located in Merrillville, 3 blocks south of US 30.
    (219) 508-0554
    Request Owner's contact information
    251-397 W 84Th Dr 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
    251-397 W 84Th Dr Merrillville, IN 46410
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