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    1572 85Th Ave Merrillville, IN 46410

    Sponsored
    For Lease
    $17 SF/Yr

    7,280 SF building, 2,550 SF available.

    Lot size:
    2,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,280 square foot medical office building presents a fantastic leasing opportunity in Merrillville, Indiana. A substantial 2,550 square feet of space is currently available for lease within this multi-tenant building, ideally suited for medical practices seeking a prominent location. The building enjoys a highly visible position on a hard corner, ensuring excellent exposure to potential patients and clients. Its strategic location is approximately half a mile from the crucial I-65 and US 30 interchange, providing easy access for both staff and patients. The property benefits from its placement within a densely populated healthcare area, in close proximity to several major medical facilities. These include Methodist Hospital, Pinnacle Hospital Crown Point, Vibra Hospital of Northwestern Indiana, and the VA Clinic, creating a synergistic environment for medical professionals. The building's classification as a medical office ensures it meets the specific needs and regulations of healthcare businesses. This is a prime opportunity to establish or expand a medical practice in a thriving and convenient location within Lake County. The available space offers significant potential for a variety of medical specialties.

    Property Features for 1572 85Th Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,550 SF

    Unit(s) available at that property

    Space
    Suite 100
    Size
    2,550 SF
    Rate per SF
    $17
    Property Profile Location Intelligence

    Current Use by Public Records

    Prestige Arts Company Dance School

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm Hair Salon Auto Repair Shop 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
    -87.3171487
    Latitude
    41.4637019

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    FAQs

    What type of property is this?
    Medical office - 7,280 SF building, 2,550 SF available.
    Where is this medical office located?
    The property is located at 1572 85Th Ave Merrillville, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    Request Owner's contact information
    1572 85Th 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

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    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
    1572 85Th Ave Merrillville, IN 46410
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