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Property profile

5210 81St Ave Merrillville, IN 46410

OFF-MARKET
Retail properties & Spaces
11,704 SF Built 2006
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Property summary

AI-generated overview

Madalyn Plaza, a Class B retail/flex complex in Merrillville, Indiana (with a Hobart location), offers 11,704 square feet of space. Currently, 2,300 square feet is vacant, divisible to a minimum of 2,300 square feet. This space is part of a four-building complex situated on a 4.96-acre lot at 5210 E 81st Ave, 46410, with convenient access to US Highway 30. The building, constructed in 2006, features 98 parking spaces and prominent pylon signage. The available space is a 3,200 square foot…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store8.4
Convenience Store8.4
Dry Cleaner8.2

Location

5210 81St Ave Merrillville, IN 46410
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
303 81st, Merrillville, IN 46410-5572 $5,330,000 Feb 2023 18,930 SF
261 80th, Merrillville, IN 46410-5431 $210,000 Jan 2023 7,200 SF
7590 Broadway, Merrillville, IN 46410-4720 $550,000 Jan 2022 9,920 SF
281 80th, Merrillville, IN 46410-5431 $220,000 Aug 2021 7,200 SF
4100 82nd, Merrillville, IN 46410-6065 $760,000 Jun 2020 8,280 SF
8220 Whitcomb, Merrillville, IN 46410-6041 $850,000 Mar 2020 10,432 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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