5210 81St Ave Merrillville, IN 46410
- Retail properties
- 11,704 SF
Current Use by Public Records
- Creative Edge Academy / Dance School
Property Details for 5210 81St Ave
- Year built
- 2006
- Property size
- 11,704 SF
- Property type
- Retail properties
- Property subtype
- Flex space
Description
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 end-cap unit with excellent visibility, boasting three offices, a large open retail area, and a bathroom. It's zoned B-3 and is ideal for office or retail use. The property benefits from high traffic counts (37,025 cars/day on US Highway 30 in 2024) and is surrounded by a substantial retail trade area (approximately 6 million square feet) including major retailers like Walmart, Sam's Club, and Southlake Shopping Mall. The property's APN is 45-13-19-151-012.000-046, 45-13-19-151-013.000-046. Lake County is the location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.2731
- Latitude
- 41.4715
