Two-Unit Mixed-Use
7317 Madison St, Merrillville, IN 46410
For Sale
$250,000
A remodeled three-bedroom apartment occupies the upper level, with business space and a workshop below.
Property Size3,400 SF
Price / SF$73.53
Days on Market28
Property Features for 7317 Madison St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
McColly Real Estate
Listed By:
Michael Becze · License #RB22000047
(219) 378-8308
Source:
Nwindianahomesearcher
Added: Oct 10
Changed: Nov 4
Last Checked: Nov 6 at 9:31AM
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 McColly Real Estate
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Investment Insights
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This two-unit mixed-use building combines a commercial ground floor with a remodeled three-bedroom apartment upstairs. The apartment measures 1,796 square feet and includes a living room, kitchen, den, and laundry area. On the main level, the business space includes a workshop with a bathroom. A 24-by-12-foot garage and additional parking spaces are also part of the property.
Built in 1942, the building has copper piping, updated electrical and plumbing systems, a newer boiler, and a serviced HVAC system with AC. Heating features include a radiant heater, a separate gas heater with blower, and new thermostats.
Built in 1942, the building has copper piping, updated electrical and plumbing systems, a newer boiler, and a serviced HVAC system with AC. Heating features include a radiant heater, a separate gas heater with blower, and new thermostats.
Key Highlights
- Upper‑level apartment is 1,796 square feet with three bedrooms
- Two‑unit configuration combines an apartment with ground‑floor business space
- Ground‑floor workshop includes a bathroom
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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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
Properties on Market for Mixed-use properties in Lake County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled three-bedroom apartment occupies the upper level, with business space and a workshop below.
Where is this mixed-use property located?
The property is located at 7317 Madison St Merrillville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Upper‑level apartment is 1,796 square feet with three bedrooms; Two‑unit configuration combines an apartment with ground‑floor business space; Ground‑floor workshop includes a bathroom
