Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    500 81St Ave Merrillville, IN 46410

    For Lease
    $12 SF/Yr

    Merrillville, IN Office Space Available

    Lot size:
    23,296 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Ross Commons, a well-maintained Class B office complex in Merrillville, Indiana, offers multiple suites ranging from 1,325 to 6,216 square feet. Located at the highly visible intersection of Merrillville Road and US Highway 30, this 23,296 square foot building boasts excellent accessibility and ample parking (115 spaces), recently resurfaced. The property sits on a 2.5-acre lot and features pylon signage for enhanced visibility. Partial roof replacement was completed in Fall 2020. The building benefits from a Highway Commercial zoning designation and enjoys a prime location near major roadways, including I-65, and numerous amenities such as Walgreens, Meijer, and various restaurants. The property's strong location is further supported by high traffic counts: 49,127 cars daily on US Highway 30 (Eastbound) and 9,747 cars daily on Merrillville Road (Southbound) (2024 INDOT data). Triple net expenses are estimated at $2.75 per square foot. Tenants are responsible for separately metered utilities and janitorial services. The building was constructed in 1973 and has a minimum divisible space of 1,325 square feet with a maximum contiguous space of 6,216 square feet. The APN is 45-12-21-251-014.000-030. Current tenants include a diverse mix of professional businesses.

    Property Features for 500 81St Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,296 SF
    Class
    B
    Total Rate
    24266.67

    Building Details

    Year Built
    1973

    Unit(s) available at that property

    Space
    Suite E/F
    Size
    3,976 SF
    Rate per SF
    $12
    Space
    Suite L and M
    Size
    2,770 SF
    Rate per SF
    $12
    Space
    Suite G
    Size
    1,325 SF
    Rate per SF
    $12

    HighLights

    • Highly visible, well‑maintained multi‑tenant office building with flexible floor plans.
    • Excellent location: One block west of Broadway (S.R. 53) and one mile west of I‑65.
    • Directly across from Walgreens.
    • Ample front and rear parking.
    • Strong surrounding retail including Wendy's, Meijer, and Steak 'n Shake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Alexander Williams, ... Dentist StepUp Insurance IN Insurance Agency Sean Mullins, Attorney ... Criminal Justice Attorney Med Ed CNA ... Nursing School Law Offices of Michael ... Attorney

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon 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
    -87.3424978
    Latitude
    41.4715684

    Nearby Similar for Lease

    • $1,800 /Mo
      17,412 SF

      Merrillville Office Space Available

      Office suite with great windows, water, and private restroom.
      8300 Broadway, Merrillville, IN 46410
      View Details
    • New
      $2.00 SF/Yr
      10,000 SF

      Spacious Office Space in Merrillville

      10,000 SQFT office space with 30+ private offices.
      8396 Mississippi St, Merrillville, IN 46410
      View Details
    • $38 SF/Yr
      2,697 SF

      Purdue Technology Center Office Space

      State-of-the-art office and lab space for rent.
      9800 Connecticut Dr, Merrillville, IN
      View Details
    • $12 SF/Yr
      6,000 SF

      Versatile Flex Space on Highway 30

      6,000 SF office/warehouse suitable for retail or conversion.
      1140 W 81St Ave, Merrillville, IN 46410
      View Details
    • $15 SF/Yr
      317 SF

      Class A Office Space Available

      Four-story office building near I-65 and local amenities.
      707 E 80Th Pl, Merrillville, IN 46410
      View Details
    • $15 SF/Yr
      3,200 SF

      Retail/Flex Space on Highway 30

      Retail and warehouse units available in Hobart/Merrillville complex.
      81st E Ave, Merrillville, IN
      View Details

    FAQs

    What type of property is this?
    Office space - Merrillville, IN Office Space Available
    Where is this office space located?
    The property is located at 500 81St Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Highly visible, well-maintained multi-tenant office building with flexible floor plans.; Excellent location: One block west of Broadway (S.R. 53) and one mile west of I-65.; Directly across from Walgreens.
    Request Owner's contact information
    500 81St Ave Merrillville, IN 46410
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 81St Ave
    Merrillville, IN 46410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    500 81St Ave Merrillville, IN 46410
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.