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Medical Office Building with Surgical Suite
New
For Lease
$16 SF/Yr

90-100 West 86th Avenue, Merrillville, IN 46410

Two-suite medical property with exam rooms, procedure space, administrative offices, and professional office conversion potential.

Space Size4,088 SF
Property Size11,366 SF
Days on Market6

Property Features for 90-100 West 86th Avenue

General Information

Standard status Active
Size 4,088 SF
Class B
Property subtype Office - Medical Office

Building Details

Building Size 11,366 SF
Year Built 2008

Spaces For Lease

at 90-100 West 86th Avenue Contact us

100 $16/SF/Yr

Size
4,088 SF
Type
Office
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Commercial In-Sites
Listed By: David A. Lasser
Source: Commercialcafe
Added: Sep 21 Last Checked: Sep 24 at 7:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial In-Sites

Investment Insights

Based on property information with market context.

Built in 2008, this contemporary medical office building contains two suites totaling 11,366 SF. Suite 90 provides 7,278 SF with 10 private offices, 9 exam rooms, a conference room, large kitchen, patient waiting area, 11-seat administrative area, and 4 bathrooms. The existing tenant/owner is expected to execute a new 10-year lease at closing.

Suite 100 offers 4,088 SF configured for medical operations, including reception, physician offices, a 22'7" x 20'5" procedure room, recovery and preparation areas, oxygen area, supply room, staff facilities, and a drive-through discharge area. The suite is available for lease and may accommodate surgical, phlebotomy, other medical, or professional office use.

The property sits 1/2 block west of Broadway (S.R. 53), 1/2 mile southwest of the I-65/U.S. Highway 30 interchange, and west of the Methodist Hospital Southlake Campus. Restaurants, banks, lodging, shopping, and the NiSource Corporate Headquarters are nearby.

Key Highlights

  • 11,366 SF two‑suite medical office building built in 2008
  • Suite 90 contains 7,278 SF with 10 private offices and 9 exam rooms
  • Suite 100 offers 4,088 SF of former surgical‑center space

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Veterinary Clinic Home Appliance Store (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,567
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46410, IN

39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value

Market

Lease Benchmarks for Merrillville, IN

$16.87 /SF/Yr
Avg Asking Price
$16–$18.99 /SF/Yr
Price Range
3,683 SF
Avg Space Size

This space is priced 5% below the average of $16.87 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two-suite medical property with exam rooms, procedure space, administrative offices, and professional office conversion potential.
Where is this medical office space located?
The property is located at 90-100 West 86th Avenue Merrillville, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 11,366 SF two‑suite medical office building built in 2008; Suite 90 contains 7,278 SF with 10 private offices and 9 exam rooms; Suite 100 offers 4,088 SF of former surgical‑center space
More about this property
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