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    81st E Ave, Unit 5160 Merrillville, IN

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    For Lease
    $15 SF/Yr ($4,000 /Mo)

    Retail and warehouse units available in Hobart/Merrillville complex.

    Property size:
    3,200 SF
    Lot size:
    5.04 Acres

    Property Features for 81st E Ave

    General Information

    Size
    3,200 SF
    Lot size
    5.04 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

    Retail/Flex Space on Highway 30

    This retail/flex complex comprises four buildings with convenient access to U.S. Highway 30. Situated in Hobart, with a Merrillville mailing address, the Madalyn Plaza is home to tenants such as Army National Guard recruiting, Kumon, Real Space, and GOE Fitness. The property features lighted pylon signage and ample parking. There are two available units. One is a 3,200-square-foot end-cap frontage unit with windows, including three offices, a large open retail area, and a bathroom. This unit can be leased independently or in conjunction with the rear warehouse unit. The other available unit is a 3,600-square-foot rear warehouse space with one office and an overhead door. The location is suitable for office or retail uses. The property is located on the north side of U.S. Highway 30, approximately 3 miles east of the I-65 interchange, positioned between Clay Street and Grand Boulevard. The surrounding retail trade area encompasses approximately 6 million square feet and includes Team Honda, Walmart, Sam's Club, Albanese Nut and Candy, Olive Garden, and the Southlake Shopping Mall. According to 2024 INDOT traffic counts, U.S. Highway 30 sees 37,025 cars per day.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3711477
    Latitude
    41.5812093

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    FAQs

    What type of property is this?
    Retail space - Retail and warehouse units available in Hobart/Merrillville complex.
    Where is this retail space located?
    The property is located at 81st E Ave, Unit 5160 Merrillville, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location: 37,025 cars/day on U.S. Highway 30.; - Easy access: Located on U.S. Highway 30 at a median cut, 3 miles east of I-65 interchange.; - Two unit options: 3,200 SF end cap unit and 3,600 SF rear warehouse unit.
    (219) 795-1100
    Request Owner's contact information
    81st E Ave, Unit 5160 Merrillville, IN
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    Merrillville, IN
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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
    81st E Ave, Unit 5160 Merrillville, IN
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