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Turnkey Office Suites For Lease
For Lease
$10 SF/Yr

5401 - 5443 Broadway, Merrillville, IN 46410

Turnkey office suites in well-maintained building on Broadway.

Space SizeContact for details
Days on Market119

Property Features for 5401 - 5443 Broadway

General Information

Standard status Active
Property subtype Office
Listing Agency: Latitude Commercial
Listed By: Chandler Kimmel · License #IN #RB22001170
Source: Latitudeco
Added: Apr 8 Changed: Jul 6 Last Checked: Aug 3 at 5:43AM

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.

Turnkey office suites are available for lease at aggressive rates in a well-maintained office building. The property is located on a corner lot at the intersection of Broadway and 54th Avenue. Pylon signage is available directly on Broadway. Ample parking is provided, with an overflow lot located in the rear of the building. The property is situated directly across the street from a Save A Lot grocery store, with numerous national retailers located within a one-mile radius.

Key Highlights

  • Very aggressive lease rate
  • Turnkey office suites for lease
  • Corner lot on Broadway and 54th Avenue

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service

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
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

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

Lease Benchmarks for Merrillville, IN

$9.43 /SF/Yr
Avg Asking Price
$1.6–$13.45 /SF/Yr
Price Range
4,364 SF
Avg Space Size

This space is priced 6% above the average of $9.43 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Turnkey office suites in well-maintained building on Broadway.
Where is this office units located?
The property is located at 5401 - 5443 Broadway Merrillville, IN.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Very aggressive lease rate; Turnkey office suites for lease; Corner lot on Broadway and 54th Avenue
More about this property
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