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Medical Office Space For Lease

8127 Merrillville Rd, Merrillville, IN 46410

For Lease
$2,500/Mo NNN

Turnkey medical office space with ample parking and ground floor access.

Space SizeContact for details
Lot Size2.74 Acres
Days on Market644

Property Features for 8127 Merrillville Rd

General Information

Standard status Active
Lot size 2.74 Acres
Listing Agency: Bach Investment Group
Listed By: Timothy Donofrio · License IN RB18001099
Source: Exprealty
Added: Feb 5, 2025 Changed: Aug 8 Last Checked: Aug 25 at 5:21AM

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 Bach Investment Group

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Investment Insights

Based on property information with market context.

This 1,580 square foot medical office space is available for lease at $2,500 per month, all in with a NNN lease, equating to $8 per square foot. The space is turnkey ready and features three exam rooms or offices, a receptionist desk, a sanitation sink, and washer/dryer hook-ups. The property benefits from ample parking and ground floor access. Well-established, long-term medical co-tenants are present in the building. The property is located just south of Route 30.

Key Highlights

  • Turnkey ready for immediate occupancy.
  • Ample parking available for staff and clients.
  • Enjoy the convenience of ground floor access.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dennis L. Streeter, ... Physician James C. Meade, ... Physician Dennis Lynn Streeter Physician Centers for Foot & Ankle ... Physician Merrillville Pediatrics Medical Clinic

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service Garden Center Furniture & Home Goods Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

1,742
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Merrillville, IN

$16.87 /SF/Yr
Avg Asking Price
$16–$18.99 /SF/Yr
Price Range
3,064 SF
Avg Space Size

This space is priced 13% above the average of $16.87 /SF/Yr.

Average Price Trend$/SF/Yr for Medical Office Space in Lake County, IN

$13.32 Jul
$16.04 Aug
$15.24 Sep
$15.62 Oct

Properties on Market for Medical Office Space in Lake County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Medical Office Space - Turnkey medical office space with ample parking and ground floor access.
Where is this medical office space located?
The property is located at 8127 Merrillville Rd Merrillville, IN.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Turnkey ready for immediate occupancy.; Ample parking available for staff and clients.; Enjoy the convenience of ground floor access.
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