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    1932 E 81St Ave Merrillville, IN 46410

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    For Lease
    Contact for pricing

    Retail property in a high-traffic area near Southlake Mall.

    Property size:
    26,157 SF
    Lot size:
    28.82 Acres

    Property Features for 1932 E 81St Ave

    General Information

    Size
    26,157 SF
    Lot size
    28.82 Acres

    Source: Acadia Realty Trust - Corporate Agent John McMahon

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

    Overview

    Retail Space in Merrillville Plaza

    Merrillville Plaza is situated at the northeast quadrant of U.S. Highway 30 and Interstate 65, approximately 30 minutes southeast of downtown Chicago. The property benefits from its prominent location across from Southlake Mall in an area with significant retail use and high occupancy. The retail corridor includes national tenants such as Macy’s, Burlington, Lowe’s, Sam’s Club, Petco, and Hobby Lobby. The property offers 26157 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Merrillville Plaza Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Quick-Tag, Lincoln Junction Plaza, Lewis Kappes, Century Plaza, Broadway Center

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3603714
    Latitude
    41.4719511

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    FAQs

    What type of property is this?
    Shopping center - Retail property in a high-traffic area near Southlake Mall.
    Where is this shopping center located?
    The property is located at 1932 E 81St Ave Merrillville, IN.
    What are key features of this property?
    This property features: - Prominent location at the intersection of U.S. Highway 30 and Interstate 65.; - Located across from Southlake Mall.; - Area with significant retail use and high occupancy.
    (800) 227-5570
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    1932 E 81St Ave 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
    1932 E 81St Ave Merrillville, IN 46410
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