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    Broadway 7950-7990 Merrillville, IN

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    For Lease
    $12 SF/Yr ($2,276 /Mo)

    Multi-tenant strip center ideal for retail and office users.

    Property size:
    2,276 SF
    Lot size:
    2.49 Acres

    Property Features for Broadway 7950-7990

    General Information

    Size
    2,276 SF
    Lot size
    2.49 Acres

    Source: Bradley Company | Merrillville Agent Jim Nicksic

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

    Overview

    Retail and Office Strip Center

    This multi-tenant strip center, totaling 30,642 square feet, is suitable for both retail and office tenants. It features frontage on both 80th Place and Broadway, with building facade and monument signage options. A lighted intersection facilitates convenient access. The property includes drive-up surface parking and professional property management services. Situated at the corner of 80th Place and Broadway, the location is one block north of US-30, offering a prominent position within Northwest Indiana’s primary office/retail submarket and close proximity to a bus stop. Available spaces range from 2,276 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3711477
    Latitude
    41.5812093

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant strip center ideal for retail and office users.
    Where is this strip mall located?
    The property is located at Broadway 7950-7990 Merrillville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Prominent location within Northwest Indiana’s primary office/retail submarket.; - 30,642 SF multi-tenant strip center ideal for retail and office users.; - Frontage along both 80th Place and Broadway.
    (219) 743-3825
    Request Owner's contact information
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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
    Broadway 7950-7990 Merrillville, IN
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