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    55 E 86Th Ave Merrillville, IN 46410

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    For Lease
    $16 SF/Yr ($4,277 /Mo)

    Two office suites available, can be combined into one.

    Property size:
    3,208 SF
    Lot size:
    1.05 Acres

    Property Features for 55 E 86Th Ave

    General Information

    Size
    3,208 SF
    Lot size
    1.05 Acres

    Source: Commercial In-Sites, LLC Agent David A Lasser

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

    Overview

    Office Suites For Rent

    This single-story building contains five units, with two office suites currently available for rent. Suite D offers 1,226 square feet of space, including two offices with windows, a kitchenette area, a storage room, and an open office area. Suite E provides 1,982 square feet, featuring five offices, four of which have windows, a reception area, a kitchenette, and a private bathroom. Suites D and E can be combined to create a larger space of 3,209 square feet. The property is located one block east of Broadway (S.R. 53) on the south side of East 86th Avenue, situated between Connecticut Street and Broadway. It is approximately half a mile southwest of the I-65/U.S. Highway 30 interchange and just north of the Methodist Hospital Southlake Campus. The building is immediately west of the Fortune 500 NiSource Corporate Headquarters, within the Environ medical/professional area, offering close proximity to restaurants, banks, lodging, and shopping. Nearby dining options include Gamba's, Applebee's, Portillo's, Gino's Steakhouse, Panera Bread, and Catch Table & Tap.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Southlake Dental - Christopher ... Dental Clinic Droste Jeanine Dentist Deeb Dennis M ... Dentist Custom Data Services, ... Medical Billing Service

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Law Firm 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
    -87.3343784
    Latitude
    41.4611286

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    FAQs

    What type of property is this?
    Office space - Two office suites available, can be combined into one.
    Where is this office space located?
    The property is located at 55 E 86Th Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Flexible Space: Suites D and E can be combined to create a 3,209 SF space.; - Prime Location: Situated near the I-65/U.S. Highway 30 interchange and Methodist Hospital Southlake Campus.; - Suite E Features: Includes 5 offices (4 with windows), reception area, kitchenette, and private bathroom.
    (219) 795-1100
    Request Owner's contact information
    55 E 86Th Ave 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
    55 E 86Th Ave Merrillville, IN 46410
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