Remodeled End-Unit
For Sale
$459,900
260 E 90th Drive, Merrillville, IN 46410
Commercial Sale, Merrillville, IN
Property Size2,892 SF
Price / SF$159.02
Days on Market51
Property Features for 260 E 90th Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
40
Appliances
Refrigerator
Subdivision
Easton Court Condo
Lot features
Corner Lot, Rectangular Lot, Landscaped
Directions
80/90 Indiana to US 65 South, exit US 30 W to Broadway south, east on 90th drive.building on your left. unit 260
Standard status
Active
APN
451227303006000030
Size
2,892 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
EASTON COURT CONDOMINIUMS BROADFIELD CENTER OFFICE UNIT 6 2.444 S.F.
Tax Annual Amount
6822
Legal Description
EASTON COURT CONDOMINIUMS BROADFIELD CENTER OFFICE UNIT 6 2.444 S.F.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
private offices
conference room
restrooms
break room
Building Details
Year built
1989
Listing Agency:
McColly Real Estate
(219) 663-3835
Listed By:
Colleen Johnston-Hatami · License #RB18000078
(219) 313-7550
Added: Aug 17
Changed: Sep 21
Last Checked: Oct 6 at 1:06AM
MLS# 843931
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled end-unit office property at 260 E 90th Drive includes eight private offices, an oversized conference room, two updated restrooms, and an employee break room with a new sink and refrigerator. Windows in each office bring in natural light, while recent work includes new flooring, LED lighting, interior paint, solid oak doors and baseboards, window shades, two furnaces, two air-conditioning units, and a water heater. The all-brick exterior is well maintained.
The property sits just off Broadway between I-65 and US 30, adjacent to a hospital and emergency room and near medical practices, law firms, and retail businesses. Public water and public sewer serve the site. The HOA includes exterior landscaping, roof maintenance, water, and sewer. The current tenant is expected to vacate upon an accepted offer, allowing owner occupancy or leasing to a new occupant.
The property sits just off Broadway between I-65 and US 30, adjacent to a hospital and emergency room and near medical practices, law firms, and retail businesses. Public water and public sewer serve the site. The HOA includes exterior landscaping, roof maintenance, water, and sewer. The current tenant is expected to vacate upon an accepted offer, allowing owner occupancy or leasing to a new occupant.
Key Highlights
- End‑unit office with eight private offices, each featuring windows and views
- Oversized conference room, two updated restrooms, and employee break room
- Recent improvements include flooring, LED lighting, paint, oak doors, HVAC, and water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,684
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,680
$733.7K
Cap Rate 7%
$524,057
$524.1K
Cap Rate 9%
$407,600
$407.6K
Market Conditions
NOI Build-Up for 2,892 SF
Gross rent
$62.5K $21.60/SF
− Vacancy
−$13.6K −$4.69/SF
EGI
$48.9K $16.91/SF
− OpEx
−$12.2K −$4.23/SF
NOI
$36.7K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,680
Cap Rate 7%
$524,057
Cap Rate 9%
$407,600
Alternative Uses
Best Use
Office B
$524.1K
$458.6K – $611.4K
NOI $36,684 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$807.3K
$706.4K – $941.9K
NOI $56,513 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,592
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Professional office unit with private rooms, conference space, updated restrooms, and a break area.
Where is this office units located?
The property is located at 260 E 90th Drive Merrillville, IN.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: End‑unit office with eight private offices, each featuring windows and views; Oversized conference room, two updated restrooms, and employee break room; Recent improvements include flooring, LED lighting, paint, oak doors, HVAC, and water heater
