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    1500 E 79Th Ave Merrillville, IN 46410

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    For Lease
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    New retail center in the heart of Merrillville, Indiana.

    Property size:
    7,704 SF
    Lot size:
    1.05 Acres

    Property Features for 1500 E 79Th Ave

    General Information

    Size
    7,704 SF
    Lot size
    1.05 Acres

    Source: Latitude Commercial Agent Brett McDermott

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

    Overview

    New Retail Center in Merrillville

    A new retail center is planned to break ground in 2023. Located in the heart of the Merrillville, IN trade area, the property offers a drive-thru option. The site is an outlot to Lowes, Bobs Discount, Costco and many more retailers. The property is less than 1/2 mile to the interchange at I-65/US 30. There are 3.7M square feet of existing retail in the immediate proximity. The property has a size of 7704 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    Sunglass Hut, Sunglass Hut at Macy's, Southlake Mall, Merrillville Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.318452
    Latitude
    41.473508

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    FAQs

    What type of property is this?
    Shopping center - New retail center in the heart of Merrillville, Indiana.
    Where is this shopping center located?
    The property is located at 1500 E 79Th Ave Merrillville, IN.
    What are key features of this property?
    This property features: - Located in the heart of the Merrillville, IN trade area.; - Less than 1/2 Mile to Interchange at I-65/US 30.; - Outlot to Lowes, Bobs Discount, Costco and many more.
    (219) 545-4328
    Request Owner's contact information
    1500 E 79Th 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
    1500 E 79Th Ave Merrillville, IN 46410
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