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    8690 Broadway Merrillville, IN 46410

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    For Sale
    $250,000

    Commercial lot ideal for medical or professional office development.

    Lot size:
    2.07 Acres

    Property Features for 8690 Broadway

    General Information

    Lot size
    2.07 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

    Broadway Corner Commercial Lot

    This commercial lot is located on a Broadway stoplight corner, directly across from Methodist Hospital. Zoned C-5 Office and Research, the site is suitable for medical or professional office development. All utilities are available to the site, and a frontage road is in place. The property has 266'+/- of frontage on Broadway. Nearby businesses include Hodges and Davis, P.C., Richter D.D.S, Theodoros and Rooth, P.C., Broadwest Surgical Center and Trilogy Health's Spring Mill Health Campus. The 2024 pay 2025 real estate taxes are $5,807.80. The 2024 INDOT traffic count is 21,379 cars per day. The property is located on the Northwest corner of Broadway and 87th Avenue, less than 1 mile south of U.S. Highway 30 and minutes from the I-65/U.S. Highway 30 interchange. Access is available via 87th Avenue from the Broadway stoplight or from the frontage road. Shopping, dining, banking, lodging, and entertainment are in close proximity. Merrillville is the largest town in Indiana, with the third-lowest tax rate in Lake County.
    Location Intelligence

    Current Use by Public Records

    SUPERPSYCHED SUPPORT Educational Consultant

    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
    -87.3365938
    Latitude
    41.4590178

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    FAQs

    What type of property is this?
    Commercial land - Commercial lot ideal for medical or professional office development.
    Where is this commercial land located?
    The property is located at 8690 Broadway Merrillville, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime location directly across from Methodist Hospital.; - Zoned C-5 Office and Research, ideal for medical or professional office development.; - High traffic count: 21,379 cars/day (2024 INDOT data).
    (219) 795-1100
    Request Owner's contact information
    8690 Broadway 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
    8690 Broadway Merrillville, IN 46410
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