Mixed-Use Building with
New
For Sale
$250,000
7317 Madison Street, Merrillville, IN 46410
Commercial Sale, Merrillville, IN
Property Size3,400 SF
Lot Size0.48 Acres
Price / SF$73.53
Days on Market3
Property Features for 7317 Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Appliances
Dishwasher, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range
Directions
Take US 30 East, Turn North on Merrillville Road which becomes Madison for 1-mile
Standard status
Active
APN
451216426005000030
Size
3,400 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S1/2 LOT 14 OF 1A. LOTS EX. N. 12FT OF E. 5 RDS. NE. SE. .4773AC. S.16 T.35 R.8
Tax Annual Amount
2184
Legal Description
S1/2 LOT 14 OF 1A. LOTS EX. N. 12FT OF E. 5 RDS. NE. SE. .4773AC. S.16 T.35 R.8
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1942
Buildings
1
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Michael Becze
(219) 378-8308
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 9:06PM
MLS# 847213
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.
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Investment Insights
Based on property information with market context.
This 3,400-square-foot, two-unit property pairs a ground-floor commercial workshop with a three-bedroom apartment upstairs. The 1,796-square-foot residence has a living room, kitchen, den, and laundry area; the workshop includes a bathroom. A 24-by-12-foot garage and additional parking are also on site.
The 0.477-acre property was built in 1942. Improvements include updated HVAC and air conditioning, a newer boiler, separate gas heat with a blower, and new electrical and plumbing systems. Public water and sewer are available, along with natural gas.
The 0.477-acre property was built in 1942. Improvements include updated HVAC and air conditioning, a newer boiler, separate gas heat with a blower, and new electrical and plumbing systems. Public water and sewer are available, along with natural gas.
Key Highlights
- Two‑unit property with 3,400 square feet of building area
- Upper‑level apartment measures 1,796 square feet and has three bedrooms
- Ground‑floor workshop includes a bathroom
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor workshop and separate upper-level residence offer distinct commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 7317 Madison Street 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: Two‑unit property with 3,400 square feet of building area; Upper‑level apartment measures 1,796 square feet and has three bedrooms; Ground‑floor workshop includes a bathroom
