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    Property profile & analytics

    5340-64 Broadway Merrillville, IN 46410

    • Lifestyle centers
    • 43,688 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 5340-64 Broadway

    Lot size
    3.00 lot acres
    Property size
    43,688 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3215
    Latitude
    41.4702

    Comparable in this City

    • Value Estimation by Request
      85,620 SF

      1825-1837 80Th Ave

      Power centers • 85,620 SF
      1825-1837 80Th Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      235,624 SF

      1932 81 Ave

      Community centers • 235,624 SF
      1932 81 Ave, Hobart, IN 46410
      View Details
    • Value Estimation by Request
      17.07 Acres

      92nd Ave

      SHOPPING CENTER, STRIP CENTER • 17.07 Acres
      92nd Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      32,287 SF

      401 81st Ave, Unit 31

      SHOPPING CENTER, STRIP CENTER • 32,287 SF
      401 81st Ave, Merrillville, IN 46410-5317
      View Details
    • Value Estimation by Request
      18,000 SF

      4831 81st Ave, Unit 4941

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      4831 81st Ave, Merrillville, IN 46410-5841
      View Details
    • Value Estimation by Request
      30,276 SF

      7970 Broadway

      SHOPPING CENTER, STRIP CENTER • 30,276 SF
      7970 Broadway, Merrillville, IN 46410-5540
      View Details

    Similar Nearby for Sale

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      Merrillville Commercial Land - $2.25M

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    • $1,235,900
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      Land • 14.53 Acres
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    Similar Nearby for Lease

    • Contact for pricing
      85,620 SF

      Crossings at Hobart Retail Center

      Merrillville, IN: Prime Retail Space Available
      1825-1837 80Th Ave, Merrillville, IN 46410
      View Details
    • $10 SF/Yr
      31,287 SF

      Merrillville Retail Space - 31,287 SF

      High-visibility retail building, 2.14 acres, 70 parking spaces.
      8000 Broadway, Merrillville, IN 46410
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    • $14 SF/Yr
      59,800 SF

      South Lake Retail Center Opportunity

      Merrillville, IN retail space available
      4831 81St Ave, Merrillville, IN 46410
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    • Contact for pricing
      144,122 SF

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      Flexible Warehouse Space, Southlake Mall
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    • $18 SF/Yr
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      900 SF Office Suite Available Now
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    • $18 SF/Yr
      4,135 SF

      Ross Plaza Retail Space Available

      Merrillville, IN retail space; high visibility.
      401 81St Ave, Merrillville, IN 46410
      View Details
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    5340-64 Broadway
    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
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