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Medical Office Condo For Sale
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8528 Broadway, Merrillville, IN 46410

8,300 SF medical office condo in central location.

Property Size8,300 SF
Price / SF$96.39
Days on Market833

Property Features for 8528 Broadway

General Information

Standard status Active
Size 8,300 SF
Class B
Property subtype Office
Lease Type NNN
Listing Agency: NWI Commercial Property Solutions, LLC
Listed By: Michael Lunn · License #IN 44
Source: Crexi
Added: May 22, 2024 Changed: Aug 25 Last Checked: Aug 31 at 2:21PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NWI Commercial Property Solutions, LLC

Investment Insights

Based on property information with market context.

The subject property offers approximately 8,300 square feet of professional, second-generation medical office condo space. Managed by a professional HOA, the unit offers the flexibility to be divided, making it a potentially versatile option for various business needs. The property is centrally located a quarter of a mile south of US 30 on Broadway and one mile southwest of the I-65 interchange, placing it in the heart of the Broadway Commercial Corridor. This trade area is anchored by Methodist Hospital and the Nipsco Headquarters and features a full range of businesses, shops, and services.

Key Highlights

  • Centrally located ¼ mile South of US 30 on Broadway and 1 mile SW of I‑65 interchange.
  • +/- 8,300 SF of professional second‑generation medical office condo space.
  • Managed by professional HOA.

Property Analytics

Current Use

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

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Computer & Electronic Repair HVAC Service Tech Support Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,791
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46410, IN

39,471
Population
17,685
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
30.1 sq mi
ZIP Area
1,311
Density / Sq Mi
$61,735
Median Household Income
$42,235
Median Earnings
$1,267
Median Rent
$192,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - 8,300 SF medical office condo in central location.
Where is this medical office space located?
The property is located at 8528 Broadway Merrillville, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Centrally located ¼ mile South of US 30 on Broadway and 1 mile SW of I‑65 interchange.; +/- 8,300 SF of professional second‑generation medical office condo space.; Managed by professional HOA.
More about this property
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