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    OFF-MARKET
    Office Spaces

    8903-8939 Broadway, Merrillville, IN 46410

    17,058 SF Built 1987
    Property ID
    Property summary
    AI-generated overview

    Broadfield Square North offers 6,369 square feet of immediately available executive office space in a 17,058 square foot building situated on 2.16 acres. This single, Class C building, constructed in 1987, is located in Merrillville, Indiana, within a high-traffic area along Northwest Indiana's primary office and retail corridor. The property boasts convenient drive-up surface parking. Suites range from 902 to 2,113 contiguous square feet, each featuring a dedicated entrance. Its prime location next to Methodist Hospital Southlake Campus makes it particularly well-suited for medical offices. Monument signage is available on Broadway, ensuring high visibility. The property is zoned C-3 Highway Commercial (APN: 45-12-27-301-001.000-030, Lake County). The building is well-maintained and professionally managed, offering easy access to restaurants, shopping, and the County Government Complex (approximately one mile away). Estimated 2021 operating expenses were $5.81 per square foot. Multiple tenancy is available.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1987
    Total area 17,058 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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