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    251 84Th Dr Merrillville, IN 46410

    For Lease
    $10 SF/Yr

    Merrillville Office Space Available

    Lot size:
    31,281 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Park 84, located at 251-397 W 84th Dr in Merrillville, Indiana, presents a prime opportunity for businesses seeking executive office space. This single-story, 31,281 square foot building, constructed in 1990, features a masonry structure with brick veneer. The property sits on a 2.28-acre lot and is zoned C-3 Highway Commercial, offering excellent visibility and accessibility. Currently, there are multiple tenancies available, with a minimum divisible space of 1,045 square feet and a maximum contiguous space of 4,139 square feet. A total of 11,209 square feet is currently vacant, providing flexibility for various business needs. The building is situated in the Ross Township submarket of Lake County, Indiana, zip code 46410. The estimated 2021 operating expenses were $4.62 per square foot. This property offers a blend of established infrastructure and convenient location, making it an ideal choice for businesses seeking a professional and efficient workspace. The property is categorized as Executive Office and Professional office space.

    Property Features for 251 84Th Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,281 SF
    Total Rate
    26067.5

    Building Details

    Year Built
    1990
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 301
    Size
    2,522 SF
    Rate per SF
    $14
    Space
    Suite 373
    Size
    1,045 SF
    Rate per SF
    $10
    Space
    Suite 329
    Size
    1,503 SF
    Rate per SF
    $14
    Space
    Suite 375
    Size
    2,000 SF
    Rate per SF
    $10
    Space
    Suite 397
    Size
    4,139 SF
    Rate per SF
    $10

    HighLights

    • 31,187 SF multi‑tenant professional office building.
    • Each suite offers a dedicated entrance.
    • Drive‑up surface parking available.
    • Attractive brick building with large windows.
    • 8,000 SF pad site expansion potential.
    • Convenient Merrillville location, three blocks south of US 30.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gina Bender, Pharm Pharmacy Elizabeth Fox Counselor Laura Wade Psychologist Khalissa Muhammad Psychologist Sonia Rojas Counselor

    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
    -87.3395256
    Latitude
    41.46448

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    FAQs

    What type of property is this?
    Office space - Merrillville Office Space Available
    Where is this office space located?
    The property is located at 251 84Th Dr Merrillville, IN.
    What is the lease rate?
    The lease rate is $10-$14 SF/Yr.
    What are key features of this property?
    This property features: 31,187 SF multi-tenant professional office building.; Each suite offers a dedicated entrance.; Drive-up surface parking available.
    Request Owner's contact information
    251 84Th Dr 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
    251 84Th Dr Merrillville, IN 46410
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