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    8903-8939 Broadway Merrillville, IN 46410

    For Lease
    $10 SF/Yr ($14,215 /Mo)

    Merrillville executive suites, ideal location.

    Lot size:
    17,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Broadfield Square North offers 6,369 square feet of immediately available executive office space in a 17,058 square foot building situated on 2.16 acres. This single, Class C building, constructed in 1987, is located in Merrillville, Indiana, within a high-traffic area along Northwest Indiana's primary office and retail corridor. The property boasts convenient drive-up surface parking. Suites range from 902 to 2,113 contiguous square feet, each featuring a dedicated entrance. Its prime location next to Methodist Hospital Southlake Campus makes it particularly well-suited for medical offices. Monument signage is available on Broadway, ensuring high visibility. The property is zoned C-3 Highway Commercial (APN: 45-12-27-301-001.000-030, Lake County). The building is well-maintained and professionally managed, offering easy access to restaurants, shopping, and the County Government Complex (approximately one mile away). Estimated 2021 operating expenses were $5.81 per square foot. Multiple tenancy is available.

    Property Features for 8903-8939 Broadway

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,058 SF
    Class
    C
    Total Rate
    14215

    Building Details

    Year Built
    1987
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 8925
    Size
    1,550 SF
    Rate per SF
    $10
    Space
    Suite 8923
    Size
    902 SF
    Rate per SF
    $14
    Space
    Suite 8929
    Size
    2,113 SF
    Rate per SF
    $14
    Space
    8939
    Size
    1,804 SF
    Rate per SF
    $14

    HighLights

    • 17,058 SF multi‑tenant office building, built in 1987.
    • Class C property with 6,369 SF of vacant space available in suites ranging from 902 SF to 2,113 SF maximum contiguous.
    • Located in Merrillville, IN, on a 2.16‑acre lot with drive‑up surface parking, zoned C‑3 Highway Commercial.
    • High traffic counts and monument signage available on Broadway, a prime office/retail corridor.
    • Excellent location adjacent to Methodist Hospital Southlake Campus and one mile from the County Government Complex, with nearby restaurants and shopping.
    • Estimated 2021 operating expenses: $5.81 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -87.334733
    Latitude
    41.456238

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    FAQs

    What type of property is this?
    Office Property / Space - Merrillville executive suites, ideal location.
    Where is this office property / space located?
    The property is located at 8903-8939 Broadway 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: 17,058 SF multi-tenant office building, built in 1987.; Class C property with 6,369 SF of vacant space available in suites ranging from 902 SF to 2,113 SF maximum contiguous.; Located in Merrillville, IN, on a 2.16-acre lot with drive-up surface parking, zoned C-3 Highway Commercial.
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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
    8903-8939 Broadway Merrillville, IN 46410
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