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    8700 Broadway Merrillville, IN 46410

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    For Sale
    $1,899,000

    Well-maintained office building with long-term tenant in prime location.

    Property size:
    11,856 SF
    Lot size:
    1.00 Acre

    Property Features for 8700 Broadway

    General Information

    Size
    11,856 SF
    Lot size
    1.00 Acre

    Source: Latitude Commercial Agent Aaron McDermott

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

    Overview

    Merrillville Office Building For Sale

    This well-maintained office building is located in a prime area of Merrillville. The property is zoned C-5 Office and Research, offering versatile use possibilities. It features 100% occupancy, providing immediate income. The building offers ample parking for both employees and visitors. A 6-year lease provides long-term stability. The property benefits from high visibility on a major thoroughfare. The building has a property size of 11856 square feet and is suitable for office and research purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brasovan Law Law Firm Sobkowski Gregory A Attorney Bockman & Olson General Practice Attorney Steele R Lawrence Attorney Benjamin T. Ballou Trial Attorney

    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?
    Office building - Well-maintained office building with long-term tenant in prime location.
    Where is this office building located?
    The property is located at 8700 Broadway Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - 6-Year Lease offers long-term stability; - 100% occupancy for immediate income; - Strong Stable Long-Term Tenant
    (219) 545-2859
    Request Owner's contact information
    8700 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
    8700 Broadway Merrillville, IN 46410
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