Medical Office
270-280 E 90th Dr Merrillville, IN 46410
270-280 E 90th Dr, Merrillville, IN, 46410
$1,490,000
For Sale
$1,490,000
Three medical office condos are available in a 1989 C3-zoned building with flexible layouts and ample parking.
Property Size10,000 SF
Price / SF$149
Days on Market112
Property Features for 270-280 E 90th Dr
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing agency
Latitude Commercial
(317) 658-5005
Listed by
Antony Miocic · License #IN #RB16000975
(317) 658-5005
Source
Latitudeco
Added: Apr 1 Updated: Jul 21 at 6:25AM Checked: Jul 21 at 6:25AM
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 Latitude Commercial
Investment Insights
Based on property information with market context.
Medical office space is available at Easton Court in Merrillville, built in 1989 and zoned C3. The offering includes three medical office condos for sale with suite sizes ranging from approximately 2,500 to 10,000 square feet. Each unit features a spacious interior with flexible layouts to support a range of office configurations.
The property is located within minutes of the US 30/I-64 interchange, with ample parking on site. Monument signage is also present, providing prominent visibility for the suites.
This is a turnkey medical office and office-use configuration presented as individually available condos within the same building, offering buyers the option to select the most suitable suite size for their needs.
The property is located within minutes of the US 30/I-64 interchange, with ample parking on site. Monument signage is also present, providing prominent visibility for the suites.
This is a turnkey medical office and office-use configuration presented as individually available condos within the same building, offering buyers the option to select the most suitable suite size for their needs.
Key Highlights
- Medical office space in a building built in 1989 and zoned C3
- Three medical office condos for sale with sizes from approximately 2,500 to 10,000 SF
- Convenient location within minutes of the US 30/I‑64 interchange
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $21.60 |
| − Vacancy | −$46.9k | −$4.69 |
| EGI | $169.1k | $16.91 |
| − OpEx | −$42.3k | −$4.23 |
| NOI | $126.8k | $12.68 |
10,000 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,968 @ 7.0% cap · market cap 9.39%
Second Best
Office B
$1.81M
$1.59M – $2.11M
NOI $126,846 @ 7.0% cap · market cap 8.51%
Theoretical Best
Specialty Retail
$2.79M
$2.44M – $3.26M
NOI $195,413 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- A Bnjmn Jr Vet Ad O C — 9330 Broadway, Crown Point, IN 46307, United States
FAQs
What type of property is this?
Medical Office Space - Three medical office condos are available in a 1989 C3-zoned building with flexible layouts and ample parking.
Where is this medical office space located?
The property is located at 270-280 E 90th Dr Merrillville, IN.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Medical office space in a building built in 1989 and zoned C3; Three medical office condos for sale with sizes from approximately 2,500 to 10,000 SF; Convenient location within minutes of the US 30/I‑64 interchange
