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    5401 Broadway Merrillville, IN 46410

    For Lease
    $8 SF/Yr ($10,080 /Mo)

    Merrillville, IN office space available

    Lot size:
    15,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Executive Plaza, located at 5401-5443 Broadway in Merrillville, Indiana, offers flexible office spaces ideal for businesses seeking a prime location. This Class B building totals 15,120 square feet and features three available suites ranging from 650 to 1,100 contiguous square feet, with a total of 2,750 square feet currently vacant. The property boasts a convenient location directly across from a Save A Lot grocery store and numerous national retailers within a one-mile radius. Its corner lot position at Broadway and 54th provides excellent visibility, enhanced by pylon signage on Broadway. Ample parking is available, including an overflow lot. The building offers turnkey spaces with competitive lease rates. Net, Net, Net (NNN) expenses are currently estimated at $4 per square foot. The property sits on a 0.8-acre lot in Lake County, within easy access to US Route 30 and Interstate 65, serving the Chicago metropolitan area. This is a great opportunity for businesses seeking efficient, well-maintained office space in a high-traffic area.

    Property Features for 5401 Broadway

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,120 SF
    Class
    B
    Total Rate
    10080

    Unit(s) available at that property

    Space
    5401 Broadway Ste G
    Size
    840 SF
    Rate per SF
    $8
    Space
    5401 Broadway Ste. E
    Size
    1,080 SF
    Rate per SF
    $8
    Space
    5401 Broadway Ste. H
    Size
    830 SF
    Rate per SF
    $8

    HighLights

    • Turnkey office suites available for lease.
    • Highly competitive lease rates.
    • Prime corner lot at Broadway and 54th Avenue with pylon signage.
    • Excellent visibility; across from Save A Lot and numerous national retailers within one mile.
    • Well‑maintained building with ample parking, including overflow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3356219
    Latitude
    41.5199894

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    FAQs

    What type of property is this?
    Office Property / Space - Merrillville, IN office space available
    Where is this office property / space located?
    The property is located at 5401 Broadway Merrillville, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Turnkey office suites available for lease.; Highly competitive lease rates.; Prime corner lot at Broadway and 54th Avenue with pylon signage.
    Request Owner's contact information
    5401 Broadway 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
    5401 Broadway Merrillville, IN 46410
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