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    311 89Th Ave Merrillville, IN 46410

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    29,275 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional medical office building, located at 311 E 89th Ave in Merrillville, Indiana, presents a unique leasing opportunity. The property boasts a total of 29,275 square feet, situated on a generous 5.75-acre lot. Built in 1996, the building currently features multiple tenants and offers immediate occupancy for a prospective tenant seeking 1,732 square feet of readily available space. The building's classification as a medical office ensures it's well-suited for healthcare practices requiring specialized amenities. Its location in Lake County, Indiana, provides convenient access to major transportation routes and a thriving community. The property's substantial size and ample land offer significant potential for expansion or future development. This is an excellent opportunity for a medical practice seeking a well-established and conveniently located facility in a growing area. The address is 311 E 89th Ave, Merrillville, IN 46410. The available space is ideal for a variety of medical uses, offering a chance to establish or expand a successful practice in a desirable location. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 311 89Th Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,275 SF
    Total Rate
    46352.08

    Building Details

    Year Built
    1996

    Unit(s) available at that property

    Space
    311 E 89th Ave
    Size
    1,732 SF
    Rate per SF
    $19

    HighLights

    • Medical office sublet on the Methodist Hospital Southlake campus.
    • 1,732 SF suite includes reception, nurses' station, four exam rooms, two procedure rooms, and a patient recovery room.
    • Shared waiting room and patient restroom.
    • Access to common restrooms and breakroom.
    • Sublease expires February 2029.
    • All‑brick building (1996), recently renovated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Keri Whitcomb, NP Nurse Practitioner Fadi Alzeidan, MD Family Practice Physician Vijay Purushottam Shah, ... Internist Heart Clinics PC Medical Clinic Pinnacle Dermatology - Merrillville Medical Clinic

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.33036125
    Latitude
    41.45727691

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 311 89Th Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Medical office sublet on the Methodist Hospital Southlake campus.; 1,732 SF suite includes reception, nurses' station, four exam rooms, two procedure rooms, and a patient recovery room.; Shared waiting room and patient restroom.
    Request Owner's contact information
    311 89Th 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

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    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
    311 89Th Ave Merrillville, IN 46410
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