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    4831 81St Ave Merrillville, IN 46410

    Sponsored
    For Lease
    $14 SF/Yr

    Merrillville, IN retail space available

    Lot size:
    59,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This well-maintained, two-building retail center in Merrillville, Indiana, offers 59,800 square feet of space, with units ranging from 1,400 to 4,200 contiguous square feet. Built in 2005, the single-story Class C property boasts excellent visibility on US 30 Highway, experiencing over 53,000 vehicles daily. The center enjoys a strong tenant mix, including Anytime Fitness, Midwest Express Clinic, El Salto Mexican Restaurant, and the Indiana Bureau of Motor Vehicles, among others. Three spaces are currently available, ideal for retail or office users. The property's location in Lake County, at 4831 E 81st Ave, zip code 46410, places it near major retailers such as Sam's Club, Walmart, Hobby Lobby, and South Lake Mall, ensuring high traffic and visibility. End cap locations are available. The minimum divisible space is 1,400 square feet. This presents a compelling opportunity for businesses seeking high-traffic retail or office space in a thriving commercial area.

    Property Features for 4831 81St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,800 SF
    Class
    C
    Total Rate
    69766.67

    Building Details

    Year Built
    2005
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    2,200 sq ft open space
    Size
    2,200 SF
    Rate per SF
    $14
    Space
    1,400-4,200 End Cap Available
    Size
    4,200 SF
    Rate per SF
    $20
    Space
    Office build out 1,400 sq ft
    Size
    1,400 SF
    Rate per SF
    $15

    HighLights

    • 4831‑5165 East 81st Avenue, Merrillville, IN 46410
    • High visibility from US 30 Highway, with over 53,000 vehicles daily.
    • 59,800 square foot building.
    • Excellent visibility and location.
    • Ample parking.
    • High traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Law Firm Wholesale Shop Hair Salon Hotel & Motel Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.277307838335
    Latitude
    41.470634568772

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    FAQs

    What type of property is this?
    Retail property - Merrillville, IN retail space available
    Where is this retail property located?
    The property is located at 4831 81St Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $14-$20 SF/Yr.
    What are key features of this property?
    This property features: 4831-5165 East 81st Avenue, Merrillville, IN 46410; High visibility from US 30 Highway, with over 53,000 vehicles daily.; 59,800 square foot building.
    Request Owner's contact information
    4831 81St Ave Merrillville, IN 46410
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    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
    4831 81St Ave Merrillville, IN 46410
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