8420 Indiana Street, Merrillville, IN 46410
SINGLE_FAMILY - Merrillville, IN
- Added:
- Aug 15, 2025
- Days on Market:
- 326
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 8420 Indiana Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 32
- Parking features
- On Street, Driveway
- Exterior features
- Lighting, Rain Gutters, Private Yard
- Standard status
- Active
- APN
- 451222476009000030
- Size
- 9,240 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- AMENDED PLAT OF SUBDIVISION GRAND PARK LOT 2 & Grand Park Amended Plat S.10.0ft of Lot 1
- Tax Annual Amount
- 21903
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2000
Listing agent Tyren Morgan License #RB24000327 (224) 442-3183
Listing office Haven Realty 8430 Wicker Ave, Crown Point, IN (888) 724-2836
Listing date Aug 15, 2025
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.
HighLights
- Fully updated 9,240 SF two‑story office building in Merrillville’s C3 Commercial & Office District
- Long‑term tenant occupied
- Recent upgrades include new HVAC (2019 & 2023, another install Aug 2025), remodeled kitchens & bathrooms (2022–23), and new carpet/paint
- Security and life‑safety updates: fire alarm & pull stations (2021) and cameras in every room (2023), plus smart thermostats building‑wide
- Parking includes 32 on‑site spaces plus street parking
- Utilities: public water and public sewer; heated with natural gas, hot water (heating), and forced air
Overview
The building sits in Merrillville’s C3 Commercial & Office District and is described as being near I-65 and Route 32. Parking is available via 32 on-site spaces plus additional street parking, and the property offers high-speed internet.
With a long-term tenant currently in place, this offering may be a fit for buyers seeking a stabilized office asset. The combination of ongoing building systems upgrades, office-focused interior improvements, and ample parking supports continued use in a business office setting within the C3 district.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.6k | $21.60 |
| − Vacancy | −$43.3k | −$4.69 |
| EGI | $156.3k | $16.91 |
| − OpEx | −$39.1k | −$4.23 |
| NOI | $117.2k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.318142
- Latitude
- 41.464004
