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    8683 Connecticut St Merrillville, IN 46410

    Sponsored
    For Sale
    $699,000

    10,750 SF Medical Office, Vacant

    Property size:
    10,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 10,750-square-foot Class B medical office building in Merrillville, Indiana, is available for $699,000 ($65.02/SF). Located at 8683 Connecticut St, 46410, this property sits on a 1.55-acre lot and is zoned C5. Built in 1987, the building comprises four separate office suites, currently vacant with an occupancy date of June 14, 2024. Its advantageous location directly north of Methodist Hospital offers excellent visibility and accessibility. Ample parking is available. Importantly, this property is independent of the neighboring Property Owners Association, providing operational autonomy. The building presents a compelling investment opportunity for medical providers or investors seeking a well-positioned, sizable medical office space in a thriving area. The property's APN is 45-12-27-128-001.000-030. This is a prime opportunity to acquire a substantial medical office building in a high-demand location.

    Property Features for 8683 Connecticut St

    General Information

    Property type
    Medical offices
    Square Feet
    10,750 SF
    Class
    B
    Lot Size
    67,518 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Medical office building for sale in Merrillville, IN.
    • Located directly north of Methodist Hospitals.
    • 10,750 square feet, divided into four suites.
    • Attractively priced with abundant parking.
    • Not subject to the adjacent Property Owners Association.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Health & Wellness ... Doctor Brown III John ... Family Practice Physician Four Seasons Medical Medical Clinic

    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
    -87.3306814
    Latitude
    41.4611022

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    FAQs

    What type of property is this?
    Medical office - 10,750 SF Medical Office, Vacant
    Where is this medical office located?
    The property is located at 8683 Connecticut St Merrillville, IN.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Medical office building for sale in Merrillville, IN.; Located directly north of Methodist Hospitals.; 10,750 square feet, divided into four suites.
    Request Owner's contact information
    8683 Connecticut St Merrillville, IN 46410
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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
    8683 Connecticut St Merrillville, IN 46410
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