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    8000 Broadway Merrillville, IN 46410

    For Lease
    $10 SF/Yr

    High-visibility retail building, 2.14 acres, 70 parking spaces.

    Lot size:
    31,287 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 31,287-square-foot freestanding retail building is situated on a highly visible 2.14-acre lot in Merrillville, Indiana, at 8000 Broadway. Its prime location offers excellent visibility from US Highway 30 and benefits from the presence of numerous big-box national retailers in the immediate vicinity, including Costco, Lowe's, Walmart, and Best Buy. The steel-framed, concrete masonry structure boasts a spacious 18,000+ square-foot retail showroom featuring impressive 12'6" ceilings, ideal for showcasing merchandise. An adjacent 13,287-square-foot warehouse provides ample storage and operational space, complete with three loading docks and a 3,000-square-foot office area. Ceiling heights in the warehouse range from 20 feet in the shipping area to 30 feet, offering flexibility for various uses. The property also features a robust 600-amp, 240-volt, 3-phase electrical system. With 70 parking spaces available, this property is perfectly suited for a variety of retail or flexible business uses. The entire 31,287 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in this thriving retail corridor. Located in Lake County, Indiana, with a zip code of 46410, this property offers unparalleled potential for growth and success.

    Property Features for 8000 Broadway

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,287 SF
    Total Rate
    26072.5

    Unit(s) available at that property

    Space
    Size
    31,287 SF
    Rate per SF
    $10

    HighLights

    • Highly visible site on US Highway 30 in Merrillville, IN.
    • 31,287 SF freestanding building on a 2.14‑acre lot.
    • Excellent location near Costco, Lowe's, Walmart, and Best Buy.
    • Three loading docks and ample warehouse space.
    • Pylon signage available.
    • High traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ABC Fire & Burglar ... Security System Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Wholesale Shop Dental Office Auto Repair Shop 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
    -87.3214908
    Latitude
    41.4701989

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail building, 2.14 acres, 70 parking spaces.
    Where is this retail property located?
    The property is located at 8000 Broadway Merrillville, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Highly visible site on US Highway 30 in Merrillville, IN.; 31,287 SF freestanding building on a 2.14-acre lot.; Excellent location near Costco, Lowe's, Walmart, and Best Buy.
    Request Owner's contact information
    8000 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
    8000 Broadway Merrillville, IN 46410
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