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    401 81St Ave Merrillville, IN 46410

    Sponsored
    For Lease
    $18 SF/Yr

    Merrillville, IN retail space; high visibility.

    Lot size:
    4,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located in the highly desirable Ross Plaza, situated on US 30 in Merrillville, Indiana. The property boasts a prime location within a shadow-anchored power center, benefiting from its proximity to a major national tenant, Meijer. This ensures high traffic volume and excellent visibility for potential tenants. Two retail spaces are currently available, ranging in size from 1,600 to 2,535 square feet, providing flexibility for various business needs. The center enjoys a highly accessible location, with a signalized entrance directly from US 30, ensuring easy access for customers. Merrillville Road, a main thoroughfare, provides convenient access from nearby residential neighborhoods. This strategic location on a major roadway, combined with the presence of a significant anchor tenant, creates a compelling opportunity for businesses seeking high visibility and strong foot traffic. The property is situated in Lake County and offers a unique chance to establish a thriving retail presence in a bustling commercial area. The available spaces are ideal for a variety of retail concepts, capitalizing on the significant traffic flow generated by the adjacent Meijer and the overall high visibility of the location. Don't miss this chance to secure a space in this thriving retail center.

    Property Features for 401 81St Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,135 SF

    Unit(s) available at that property

    Space
    403
    Size
    2,535 SF
    Rate per SF
    $18
    Space
    427
    Size
    1,600 SF
    Rate per SF
    $18

    HighLights

    • Retail property in Merrillville, IN with two available spaces totaling 2,535 square feet.
    • Located on US 30, offering high visibility and accessibility.
    • Shadow‑anchored power center with a national tenant and adjacent Meijer.
    • Signalized entrance from US 30.
    • Situated on a main thoroughfare with access to residential neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store Verizon Business Services Business To Business Service

    Suggested Use

    Realty agency Restaurant Building Supply Wholesale Shop Law Firm Spa & Massage Auto Repair Shop Dental Office Hair Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3409331
    Latitude
    41.4702971

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    FAQs

    What type of property is this?
    Retail property - Merrillville, IN retail space; high visibility.
    Where is this retail property located?
    The property is located at 401 81St Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail property in Merrillville, IN with two available spaces totaling 2,535 square feet.; Located on US 30, offering high visibility and accessibility.; Shadow-anchored power center with a national tenant and adjacent Meijer.
    Request Owner's contact information
    401 81St Ave Merrillville, IN 46410
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    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
    401 81St Ave Merrillville, IN 46410
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