8695-8679 Connecticut St Merrillville, IN 46410
- Office Properties & Spaces
- 17,220 SF
- 2.28 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 8695-8679 Connecticut St
- Lot size
- 2.28 lot acres
- Property size
- 17,220 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents two medical office buildings totaling 17,220 square feet, situated within the Environ Professional Center complex. The complex is conveniently located adjacent to Southlake Methodist Hospital, offering unparalleled access to a large patient base. Both buildings boast attractive brick exteriors and recently renovated interiors featuring Pergo flooring. Recent upgrades to the complex include new metal roofs, enhanced landscaping, improved paving, and a welcoming fountain at the entrance. Building 8695, encompassing 9,181 square feet, features two available suites: Suite A (1,751 square feet) with three offices, a waiting area, open space, and a bathroom; and Suite B (2,592 square feet) offering five exam rooms, an office, staff lounge, nurses' station, and a large open area. A $10 per square foot tenant improvement allowance is available for remodeling. Building 8679, totaling 8,039 square feet, includes one available 1,502-square-foot suite with four exam rooms, an office, reception/waiting area, filing room, and bathrooms; and a second available 1,128-square-foot suite with an office, open area, storage, and bathrooms. Gross rent encompasses real estate taxes, insurance, and CAM expenses; tenants are responsible for separately metered utilities and janitorial services. The property enjoys a prime location, a half-mile southwest of the I-65/US Highway 30 interchange and one block east of Broadway (SR 53), with convenient access via 86th Avenue or Southlake Methodist Hospital Drive. Nearby amenities include numerous restaurants, shopping centers, and banking institutions. This is an ideal investment for medical professionals seeking a high-visibility location with strong tenant demand. The 2.28 acres of land provide ample space and potential for future expansion.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3323
- Latitude
- 41.4608
