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    7950-7990 Broadway Merrillville, IN 46410

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Retail & Office Space Available

    Lot size:
    30,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    80th Place Plaza, located at 7950-7990 Broadway in Merrillville, Indiana, presents a unique opportunity for businesses seeking versatile commercial space. This multi-tenant strip center, built in 1977, offers a total of 30,276 square feet of retail and office space, with 6,425 square feet currently vacant. The property is zoned C-2 Community Commercial, allowing for a variety of uses. Units range from a minimum of 372 square feet to a maximum contiguous space of 1,688 square feet, making it suitable for a range of businesses. The center boasts excellent visibility and accessibility, featuring frontage along both 80th Place and Broadway, with building façade and monument signage opportunities available. A lighted intersection ensures convenient access for customers and employees. Ample drive-up surface parking is provided. The property is situated in Lake County, Indiana, with a zip code of 46410. Estimated 2023 operating expenses are $4.00 per square foot. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area. The property's flexible space options cater to diverse business needs, making it a compelling investment opportunity.

    Property Features for 7950-7990 Broadway

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,276 SF
    Total Rate
    30276

    Building Details

    Year Built
    1977

    Unit(s) available at that property

    Space
    Suite 76W
    Size
    372 SF
    Rate per SF
    $7,800
    Space
    Suite 7960
    Size
    2,000 SF
    Rate per SF
    $14
    Space
    Suite 32W
    Size
    1,470 SF
    Rate per SF
    $12
    Space
    Suite 48W
    Size
    1,415 SF
    Rate per SF
    $12
    Space
    Suite 36W
    Size
    1,480 SF
    Rate per SF
    $12
    Space
    Suite 64W
    Size
    1,688 SF
    Rate per SF
    $12

    HighLights

    • High‑visibility corner location at 80th Place and Broadway with excellent access from a lighted intersection.
    • 30,642 square foot multi‑tenant retail/office strip center.
    • Ample drive‑up surface parking available.
    • Frontage on both 80th Place and Broadway, offering strong signage opportunities including building façade and monument signage.
    • One block from US‑30 for easy highway access.
    • Prime location in Northwest Indiana's main office and retail submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm 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
    -87.336541
    Latitude
    41.4739128

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail & Office Space Available
    Where is this restaurant located?
    The property is located at 7950-7990 Broadway Merrillville, IN.
    What is the lease rate?
    The lease rate is $12-$7,800 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner location at 80th Place and Broadway with excellent access from a lighted intersection.; 30,642 square foot multi-tenant retail/office strip center.; Ample drive-up surface parking available.
    Request Owner's contact information
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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
    7950-7990 Broadway Merrillville, IN 46410
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