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Medical Office Space with Exam Rooms
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8510 Broadway, Merrillville, IN 46410

Ground-floor suite includes reception, private offices, treatment rooms, and dedicated support areas.

Space Size3,000 SF
Days on Market230

Property Features for 8510 Broadway

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Property subtype OFFICE
Lease Type Gross

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Floor Ground Floor
Space Use Medical Office
Private Offices 4

Additional Details

Highway Access Yes

Building Details

Year Built 1992
Year Renovated 2018
Stories 2
Tenancy Multi

Spaces For Lease

at 8510 Broadway
3,000 SF Office Space For Lease! $16/SF/Yr
Floor 1st
Size 3,000 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE
This is a three-unit condominium two-story office building with 3,000 +/-SF available on the ground floor. Constructed in 1992 with a second-floor addition build out in the north end of the building in 2005. 2017 e exterior renovations include: replacement of handicap ramp, newly tuckpointed windows, resurface the parking lot with new storm drains, 2018 replacement of the roof, and landscaping. Ideal for all types of medical and professional office uses. The 1st floor middle unit features: a reception/waiting room, reception desk, four exam rooms with sinks, four private offices, two bathroom, janitor closet and coat closet. LOCATION OVERVIEW Located 300' west of Broadway between the two 84th and 86th Avenue stoplights. 1/2 mile south of U.S. Route 30. 3/4 mile southwest of I-65 highway interchange. Methodist Hospital is located two blocks southeast. The Fortune 500 NiSource/NIPSCO headquarters is 1/2 mile east. Several banks and restaurants are in the immediate vicinity including Fifth Third, Horizon, Chase, Centier, Applebee's, Portillo's, McAlister's Deli, Panera, House of Kobe, Gamba's and many more.
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Listing Agency: Commercial In-Sites, LLC
Listed By: David A Lasser
Source: Moodyscre
Added: Mar 1 Changed: Oct 15 Last Checked: Oct 16 at 10:54AM

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 Commercial In-Sites, LLC

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Investment Insights

Based on property information with market context.

Available space comprises approximately 3,000 SF on the ground floor of a three-unit, two-story condominium office building. The middle unit is configured with a reception and waiting area, reception desk, four exam rooms with sinks, four private offices, two bathrooms, a janitor closet, and a coat closet. The property was constructed in 1992, with a north-end second-floor addition completed in 2005. Exterior improvements included a handicap ramp, window tuckpointing, parking lot resurfacing with new storm drains, landscaping, and a roof replacement in 2018.

The building is 300 feet west of Broadway, positioned between the 84th and 86th Avenue stoplights. It is 1/2 mile south of U.S. Route 30 and 3/4 mile southwest of the I-65 highway interchange. Methodist Hospital is two blocks southeast, while the NiSource/NIPSCO headquarters is 1/2 mile east. Banks and restaurants are located nearby.

Key Highlights

  • Approximately 3,000 +/- SF of available ground‑floor medical office space
  • Four exam rooms with sinks, four private offices, reception and waiting areas
  • Three‑unit, two‑story condominium office building constructed in 1992

Property Analytics

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Current Use

Punday Carol M Physician Lisa J. Saks, ... Physician Dr. Douglas Williams ... Ophthalmologist Blake Williams Ophthalmologist Blake Louis Williams Ophthalmologist

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Electrical Service Big Box & Wholesale Store Garden Center Furniture & Home Goods

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

Multi-tenant
Tenancy
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,791
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
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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 5% below the average of $16.87 /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

Frequently Asked Questions

What type of property is this?
Medical Office Space - Ground-floor suite includes reception, private offices, treatment rooms, and dedicated support areas.
Where is this medical office space located?
The property is located at 8510 Broadway Merrillville, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Approximately 3,000 +/- SF of available ground‑floor medical office space; Four exam rooms with sinks, four private offices, reception and waiting areas; Three‑unit, two‑story condominium office building constructed in 1992
(219) 795-1100 Call to check price and availability
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