Property profile

7950-7990 Broadway Merrillville, IN 46410

OFF-MARKET
Retail properties & Spaces
30,276 SF Built 1977
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Property summary

AI-generated overview

80th Place Plaza, located at 7950-7990 Broadway in Merrillville, Indiana, presents a unique opportunity for businesses seeking versatile commercial space. This multi-tenant strip center, built in 1977, offers a total of 30,276 square feet of retail and office space, with 6,425 square feet currently vacant. The property is zoned C-2 Community Commercial, allowing for a variety of uses. Units range from a minimum of 372 square feet to a maximum contiguous space of 1,688 square feet, making it suitable for a range of businesses. The center boasts excellent visibility and accessibility, featuring frontage along both 80th Place and Broadway, with building façade and monument signage opportunities available. A lighted intersection ensures convenient access for customers and employees. Ample drive-up surface parking is provided. The property is situated in Lake County, Indiana, with a zip code of 46410. Estimated 2023 operating expenses are $4.00 per square foot. This is an ideal location for businesses seeking high visibility and convenient access in a thriving commercial area. The property's flexible space options cater to diverse business needs, making it a compelling investment opportunity.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1977
Total area 30,276 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7950-7990 Broadway Merrillville, IN 46410
Merrillville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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