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    521 86Th Ave Merrillville, IN 46410

    Sponsored
    For Lease
    $10 SF/Yr

    Executive & Medical Suites Available

    Lot size:
    32,792 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 32,792 square foot office building in Merrillville, Indiana, offers 12 suites ranging from 1,009 to 13,195 contiguous square feet. Located on a 2.83-acre lot at 521 E 86th Ave, this Class B property, built in 1979 and renovated in 1985, is ideal for a variety of uses, including medical and executive offices. Features include private entries, restrooms, kitchenettes, and conference rooms. The property's flexible suite sizes cater to diverse tenant needs, from small businesses to larger organizations. The building's single-story design provides convenient access and ample parking. Property taxes are $1.41 per square foot. The location in Lake County (APN: 45-12-27-103-003.000-030), with its convenient access to major roadways, makes it an attractive option for businesses seeking a prominent presence in the Merrillville area. This is a prime opportunity for owner-users or tenants seeking flexible and well-appointed office space. Tenant incentives are available.

    Property Features for 521 86Th Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,792 SF
    Class
    B
    Total Rate
    27326.67

    Building Details

    Year Built/Renovated
    1979/1985
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    F
    Size
    1,125 SF
    Rate per SF
    $10
    Space
    I
    Size
    1,009 SF
    Rate per SF
    $10
    Space
    S
    Size
    2,625 SF
    Rate per SF
    $10
    Space
    V
    Size
    1,200 SF
    Rate per SF
    $100
    Space
    Z
    Size
    13,195 SF
    Rate per SF
    $10

    HighLights

    • 32,792 SF single‑story office building in Merrillville, IN, ideal for executive or medical offices.
    • 12 suites ranging from 1,009 to 13,195 contiguous SF, each with private entry, restrooms, and kitchenette.
    • Ample parking with 138 spaces.
    • Monument signage and tenant incentives available.
    • Building also available for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kelly Hendrickson | Counselor ... Counselor Ms. Vanessa Qualls ... Counselor Starcevich Kristine L ... Neurologist Certified Sleep Center-Northern Doctor Sagalovsky Helena MD Internist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.330847100553
    Latitude
    41.461699582917

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    FAQs

    What type of property is this?
    Medical office - Executive & Medical Suites Available
    Where is this medical office located?
    The property is located at 521 86Th Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $10-$100 SF/Yr.
    What are key features of this property?
    This property features: 32,792 SF single-story office building in Merrillville, IN, ideal for executive or medical offices.; 12 suites ranging from 1,009 to 13,195 contiguous SF, each with private entry, restrooms, and kitchenette.; Ample parking with 138 spaces.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    521 86Th Ave Merrillville, IN 46410
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