Merrillville, IN Mixed-use Properties for Sale

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Updated: Aug 18

Mixed-Use Property with Leased Spaces

2800 Dekalb Street, Lake Station, IN 46405

$550,000

1,005 sqft 0.16 AC lot

Four leased commercial spaces occupy the lower level
Three leased residential units are located above the commercial spaces
1,005 square feet on a 0.155‑acre parcel
Built in 1951
Central heating, gas range, and refrigerator

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Updated: Jul 24

Two-Story Mixed-Use Property

2439 W 15th Avenue, Gary, IN 46404

$225,000

3,387 sqft 0.07 AC lot

3,387‑square‑foot mixed‑use property on a 0.068‑acre lot
Two‑story layout with restaurant and bar space on the first floor
Upper‑level residential unit with private entrance, multiple bedrooms, full bathroom, and kitchen
Built in 1920 with basement and storage space
On‑street, off‑street, and garage parking

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Leased Mixed-Use Property

2800 Dekalb St, Lake Station, IN 46405

$550,000

1,005 sqft

Two-level property combines leased commercial occupancy with residential units in Lake Station.

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See what stands out in Lake County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Two-Story Mixed-Use Property

2439 W 15th Ave, Gary, IN 46404

$225,000

3,387 sqft

Commercial restaurant space occupies the ground floor, with a private-entry residential unit above.

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Mixed-Use Property

5425 Melton Rd, Gary, IN 46403

$60,000

936 sqft

Combines commercial space with residential opportunities at 5425 Melton Road.

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Mixed-Use Building with Apartments

710 West 11th Avenue, Gary, IN 46402

$80,000

8,288 sqft

Brick commercial property combining a storefront with four residential apartments.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Church Property with Fellowship Hall

4353-63 Massachusetts Street, Gary, IN 46409

$205,000

Updated religious facility with sanctuary, offices, classroom, fellowship hall, and paved parking.

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Church Facility with Private Parking

3121 W 11th Ave, Gary, IN 46404

Contact for pricing

Corner-lot religious facility with a multi-room main floor, basement kitchen, and enclosed private parking.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 8 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

7-Unit Downtown Mixed-Use Property

220 Main St, Hobart, IN 46342

$800,000

10,332 sqft

Renovated building combines four apartments with three retail storefronts.

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Corner Retail Space

3735 Main St, East Chicago, IN 46312

Contact for pricing

Retail space featuring existing rough-ins and extensive windows that bring natural light into the interior.

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Corner Mixed-Use Property

3735-3737 Main St, East Chicago, IN 46312

Contact for pricing

The space includes rough-ins and numerous windows that bring in natural light.

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Lakefront Mixed-Use Building

603 S Wisconsin St, Hobart, IN 46342

Contact for pricing

Two-story property combines commercial space, two apartments, recreational equipment, six piers, and on-site parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Corner Lot in Gary

1232-38 Grant Street, Gary, IN 46404

Contact for pricing

Corner lot zoned for commercial use near I-80/94.

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Hammond, IN Land Opportunity

4514 Calumet Avenue, Hammond, IN 46327

$700,000

0.14 AC lot

Vacant lots in high-traffic area, ideal for redevelopment.

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Hammond Land Redevelopment Opportunity

4514 Calumet Avenue, Hammond, IN 46327

$700,000

0.14 AC lot

Prime land parcels in high-traffic Hammond commercial zone for sale.

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Prime Land in Burns Harbor

1 Burns Blvd, Burns Harbor, IN 46304

$386,000

1.90 AC lot

2 acres zoned for mixed-use development in Burns Harbor, IN.

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Off-Market Properties in Merrillville, IN

Consider similar Off-Market properties in Merrillville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Medical space

8510-8514 Broadway, Merrillville, IN 46410

Value Estimation by Request

24,162 sqft

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Mixed-use properties

200 61St Ave, Merrillville, IN 46410

Value Estimation by Request

0.89 AC lot

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Restaurants

8280 Mississippi St, Merrillville, IN 46410

Value Estimation by Request

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Merrillville, IN Mixed-Use Properties Market Trends and Statistics

Explore 11 mixed-use properties for sale in Merrillville, IN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 18,008 square feet of properties for sale, with an estimated market value of $1,895,000.

Sale prices for multi use buildings in Merrillville, IN start at $60,000, averaging $270,714, and reaching up to $550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 39K

Population Growth (5Y) +2.0%

Median Household Income $61,735

College Educated 16.4%

Taxes & Financing

Tax Rate (average for all types) 2.32%

Property Tax per SF $33.26 per SF

Tax Rate vs County Average 0.75 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Lake County

Office

Property Size Breakdown

The majority of commercial real estate listings in Merrillville fall within the 100,000+ square foot range.

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