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Retail Center on US 30
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401 81st Ave, Merrillville, IN 46410

Neighborhood retail center with high visibility and accessibility.

Space Size1,820 SF - 2,660 SF
Days on Market1650

Property Features for 401 81st Ave

General Information

Standard status Active
Size 1,820 SF - 2,660 SF
Property subtype Retail
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 401 81st Ave Contact us

403

Size
2,660 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

427

Size
1,820 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Ascend Real Estate Advisors
Listed By: Vladimir Ganz · License #INNN
Source: Crexi
Added: Feb 22, 2022 Changed: Aug 17 Last Checked: Aug 29 at 10:15PM

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 Ascend Real Estate Advisors

Investment Insights

Based on property information with market context.

This desirable neighborhood retail center is located on US 30 in Merrillville, Indiana. The property offers high visibility and accessibility to cross traffic, serving as a main stop for traffic heading to Meijer. Merrillville Road provides access to residential neighborhoods. The location is shadow-anchored by a power center on US 30 and is anchored by national tenants. It is a destination location with Meijer adjacent to the property and features a signalized entrance from US 30.

Key Highlights

  • Highly visible location on US 30.
  • Accessible to cross traffic.
  • Shadow anchored power center.

Property Analytics

Current Use

Verizon Mobile Phone Store Verizon Business Services Business To Business Service

Suggested Use

Top Pick Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,369
Businesses Nearby
299k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 49% Shops & Services 26% Dining 17% Home Improvements & Furnishings 4%
Costco Wholesale Superstores
146,355 visits/mo 0.5 miles
Costco Gasoline Shops & Services
51,814 visits/mo 0.3 miles
Ollie's Bargain Outlet Shops & Services
18,134 visits/mo 0.4 miles
Golden Corral Dining
13,427 visits/mo 0.4 miles
Hooters Dining
11,481 visits/mo 0.1 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Lewis Kappes 8585 IN-53, Merrillville, IN 46410
  • Century Plaza 8203 Broadway, Merrillville, IN 46410
  • Broadway Center 257 W Lincoln Hwy, Merrillville, IN 46410
  • Lincoln Junction Plaza E 81st Ave, Merrillville, IN 46410
  • Liberty Square Shopping Center 7886 Broadway, Merrillville, IN 46410

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood retail center with high visibility and accessibility.
Where is this shopping center located?
The property is located at 401 81st Ave Merrillville, IN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Highly visible location on US 30.; Accessible to cross traffic.; Shadow anchored power center.
More about this property
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