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    5150 E 81St Ave Merrillville, IN 46410

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    For Lease
    $15 SF/Yr ($1,125 /Mo)

    900 SF warehouse/flex space with office and parking.

    Property size:
    900 SF
    Lot size:
    1.34 Acres

    Property Features for 5150 E 81St Ave

    General Information

    Size
    900 SF
    Lot size
    1.34 Acres

    Source: Latitude Commercial Agent Brett McDermott

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

    Overview

    Warehouse/Flex Space Near US 30

    This 900 square foot warehouse/flex space is located just off US 30. The property includes an overhead door and a built-out office area. Trailer and truck parking is available at the rear of the property. There are two dedicated parking spaces for customers or employees. The property also features monument signage (2’x8’) with direct visibility on US 30.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    MAMAS HANDS SOUL FOOD

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.27539
    Latitude
    41.47212

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    FAQs

    What type of property is this?
    Flex space - 900 SF warehouse/flex space with office and parking.
    Where is this flex space located?
    The property is located at 5150 E 81St Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Direct visibility on US 30 with monument signage (2’x8’); - 900 SF warehouse/flex space; - Overhead door for loading/unloading
    (219) 545-4328
    Request Owner's contact information
    5150 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
    5150 E 81St Ave Merrillville, IN 46410
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