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    8690 Broadway Ave Merrillville, IN 46410

    Sponsored
    For Sale
    $250,000

    High-traffic, 2-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 2.07-acre commercial lot in Merrillville, Indiana, is located on a Broadway Avenue stoplight corner, directly across from Methodist Hospital. Zoned C-5 Office and Research, it's ideal for medical or professional office development. The property boasts over 266 feet of road frontage on Broadway and has all utilities readily available. Its prime location benefits from proximity to various businesses, including legal, medical, and financial services, as well as dining and shopping options. The 2022 INDOT traffic count registered 23,301 vehicles per day, highlighting its high visibility and accessibility. The property's APN is 45-12-28-276-008.000-030, and the 2022/2023 property taxes totaled $6,190.60. This exceptional location presents a significant opportunity for development in a thriving commercial area. The asking price for this highly desirable property is $250,000.

    Property Features for 8690 Broadway Ave

    General Information

    Property type
    Land
    Lot Size
    90,169 SF

    HighLights

    • High‑visibility commercial lot at Broadway stoplight intersection.
    • High traffic count: 25,101 vehicles per day (2016 average).
    • Excellent for medical and professional office development.
    • Full utilities available.
    • Across from Methodist Hospital.
    • Convenient to legal, medical, financial, dining, and retail amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.34109
    Latitude
    41.460937

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    FAQs

    What type of property is this?
    Land - High-traffic, 2-acre commercial lot
    Where is this land located?
    The property is located at 8690 Broadway Ave Merrillville, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: High-visibility commercial lot at Broadway stoplight intersection.; High traffic count: 25,101 vehicles per day (2016 average).; Excellent for medical and professional office development.
    (219) 795-1100
    Request Owner's contact information
    8690 Broadway Ave 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
    8690 Broadway Ave Merrillville, IN 46410
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