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    8528 Broadway Merrillville, IN 46410

    Sponsored
    For Sale
    $1,400,000

    8,300 SF Medical Office Condo

    Property size:
    8,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 8,300-square-foot Class B medical office condo in Merrillville, Indiana, is available for sale at $1,400,000. Located on Broadway (Indiana State Road 53), this single-story building offers excellent visibility and approximately 90 parking spaces. The property is situated in a thriving commercial corridor, less than a half-mile south of US 30 and one mile southwest of the I-65 interchange, benefiting from proximity to Methodist Hospital and NIPSCO headquarters. The space is currently configured as flexible second-generation medical office suites, ranging from approximately 3,500 to 4,800 square feet, and is managed by a professional HOA. The asking price per square foot is $168.67, with a NNN lease structure. Estimated NNN expenses are $5.00 per square foot. The building features excellent signage opportunities along Broadway, making it an ideal location for medical practices or other professional businesses seeking high visibility and convenient access to major transportation routes and a robust commercial area. This property presents a unique opportunity to own a well-located medical office building in a high-demand area.

    Property Features for 8528 Broadway

    General Information

    Property type
    Medical offices
    Square Feet
    8,300 SF
    Class
    B

    HighLights

    • 8,300 SF Class B medical office condo for sale in Merrillville, IN for $1,400,000 ($168.67/SF).
    • Located on Broadway (SR 53) with excellent visibility and ~90 parking spaces.
    • Prime location near US 30 and I‑65 interchange, close to Methodist Hospital and NIPSCO.
    • Flexible second‑generation medical suites (3,500‑4,800 SF) managed by a professional HOA.
    • NNN lease structure with estimated expenses of $5.00/SF. Excellent signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Linda C. ... Pediatric Rheumatologist Dr. Anna M. ... Pediatrician Dr. Lucille A. Lester, ... Pediatrician University-Chicago Pediatrics: Rubin ... Doctor Mcneer Jennifer L ... Doctor

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Law Firm 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
    -87.337678058385
    Latitude
    41.463425062241

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    FAQs

    What type of property is this?
    Medical office - 8,300 SF Medical Office Condo
    Where is this medical office located?
    The property is located at 8528 Broadway Merrillville, IN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 8,300 SF Class B medical office condo for sale in Merrillville, IN for $1,400,000 ($168.67/SF).; Located on Broadway (SR 53) with excellent visibility and ~90 parking spaces.; Prime location near US 30 and I-65 interchange, close to Methodist Hospital and NIPSCO.
    Request Owner's contact information
    8528 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
    8528 Broadway Merrillville, IN 46410
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