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    300 W 89Th Ave Merrillville, IN 46410

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    For Lease
    $10 SF/Yr ($18,012 /Mo)

    21,615 SF residential facility, previously an assisted living facility.

    Property size:
    21,615 SF
    Lot size:
    2.47 Acres

    Property Features for 300 W 89Th Ave

    General Information

    Size
    21,615 SF
    Lot size
    2.47 Acres
    Source: Moodyscre

    Listing Agent: Antony Miocic

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

    Overview

    Merrillville Assisted Living Facility Space

    Approximately 21,615 square feet of residential facility space is available for rent in Merrillville. The property was previously used as an assisted living facility and is in turnkey condition. The layout includes approximately 30 bedrooms, a kitchen and dining area, a salon, and a courtyard. Numerous other amenities are present. Tenants have access to outdoor generators.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Gym & Fitness Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.323045
    Latitude
    41.452481

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    FAQs

    What type of property is this?
    Assisted living facility - 21,615 SF residential facility, previously an assisted living facility.
    Where is this assisted living facility located?
    The property is located at 300 W 89Th Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey condition; - Approximately 21,615 square feet of residential facility space; - Previously used as an assisted living facility
    (317) 658-5005
    Request Owner's contact information
    300 W 89Th 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
    300 W 89Th Ave Merrillville, IN 46410
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