Three-Story Office
For Sale
Contact for pricing
Pending
6111 Harrison St, Merrillville, IN 46410
98.5% occupied, remodeled three-story office building with on-site property management and recently reworked parking lot.
Days on Market110
Property Features for 6111 Harrison St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 12
Changed: Jul 22
Last Checked: Jul 29 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
The Merrillville Professional Building is a three-story office property currently 98.5% occupied. The building includes 55,733 SF and is described as remodeled, with management staff in place, including a property manager. Recent capital work includes replacing 80% of the parking lot with new asphalt and sealing and striping the lot last summer (Summer 2020). Parking is supported by a 4.5 per 1,000 SF ratio.
The property is located at 6111 Harrison St in Merrillville, Indiana. The remarks note its proximity to major hospitals, including 4.0 miles to Methodist Hospital’s Southlake Campus, 7.0 miles to Methodist Hospital’s Northlake Campus, and 4.5 miles to St. Mary’s Hospital in Hobart.
Financially, the current ownership reports achieving $321,763 in NOI annually. The offering materials project that new ownership could increase annual rents by nearly $3.29/SF and reach an annual pro forma NOI of $477,796.
The property is located at 6111 Harrison St in Merrillville, Indiana. The remarks note its proximity to major hospitals, including 4.0 miles to Methodist Hospital’s Southlake Campus, 7.0 miles to Methodist Hospital’s Northlake Campus, and 4.5 miles to St. Mary’s Hospital in Hobart.
Financially, the current ownership reports achieving $321,763 in NOI annually. The offering materials project that new ownership could increase annual rents by nearly $3.29/SF and reach an annual pro forma NOI of $477,796.
Key Highlights
- Merrillville Professional Building at 6111 Harrison St is 98.5% occupied (55,733 SF) and in a recently remodeled office configuration.
- Three‑story office building with on‑site property management, including a property manager (management may be extendable to new ownership).
- Parking for tenant and visitors: parking ratio of 4.5 per 1,000 SF and 80% of the parking lot replaced with new asphalt; lot sealed and striped in Summer 2020.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 46410, IN
39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - 98.5% occupied, remodeled three-story office building with on-site property management and recently reworked parking lot.
Where is this office building located?
The property is located at 6111 Harrison St Merrillville, IN.
What are key features of this property?
This property features: Merrillville Professional Building at 6111 Harrison St is 98.5% occupied (55,733 SF) and in a recently remodeled office configuration.; Three‑story office building with on‑site property management, including a property manager (management may be extendable to new ownership).; Parking for tenant and visitors: parking ratio of 4.5 per 1,000 SF and 80% of the parking lot replaced with new asphalt; lot sealed and striped in Summer 2020.
