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Property profile & analytics
OFF-MARKET
Office Spaces

8528 Broadway Merrillville, IN 46410

8,300 SF
Property ID
Property summary
AI-generated overview

This 8,300-square-foot Class B medical office condo in Merrillville, Indiana, is available for sale at $1,400,000. Located on Broadway (Indiana State Road 53), this single-story building offers excellent visibility and approximately 90 parking spaces. The property is situated in a thriving commercial corridor, less than a half-mile south of US 30 and one mile southwest of the I-65 interchange, benefiting from proximity to Methodist Hospital and NIPSCO headquarters. The space is currently configured as flexible second-generation medical office suites, ranging from approximately 3,500 to 4,800 square feet, and is managed by a professional HOA. The asking price per square foot is $168.67, with a NNN lease structure. Estimated NNN expenses are $5.00 per square foot. The building features excellent signage opportunities along Broadway, making it an ideal location for medical practices or other professional businesses seeking high visibility and convenient access to major transportation routes and a robust commercial area. This property presents a unique opportunity to own a well-located medical office building in a high-demand area.

Property profile
Verified
Property type Office Spaces
Total area 8,300 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
Current use
Occupant on record · Public records
  • Dr. Linda C. Wagner-Weiner, MD Pediatrician
  • Dr. Anna M. Simpson-O'reggio, MD Pediatrician Medical Clinic
  • Dr. Lucille A. Lester, MD Pediatrician Medical Clinic
  • University-Chicago Pediatrics: Rubin Charles M MD Physician
  • Mcneer Jennifer L MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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