8700 Broadway, Merrillville, IN
Well-maintained office building with long-term tenant in prime location.
- Added:
- Aug 6, 2025
- Days on Market:
- 312
- Last Refresh:
- May 19 at 10:43 pm
Property Features for 8700 Broadway
General Information
- Standard status
- Active
- Size
- 11,856 SF
- Lot size
- 1.00 Acre
- Property subtype
- OFFICE
Listing agent Aaron McDermott License ##RB14050416 (219) 545-2859
Listing office Latitude Commercial (219) 545-2859
Listing date Aug 6, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial
HighLights
- 6‑Year Lease offers long‑term stability
- 100% occupancy for immediate income
- Strong Stable Long‑Term Tenant
- Prime location in Merrillville
- Zoned C‑5 Office and Research for versatile use
- Ample parking for employees and visitors
Overview
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 | $256.1k | $21.60 |
| − Vacancy | −$55.6k | −$4.69 |
| EGI | $200.5k | $16.91 |
| − OpEx | −$50.1k | −$4.23 |
| NOI | $150.4k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3366
- Latitude
- 41.459
