8528 Broadway Merrillville, IN 46410
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.
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Dr. Linda C. Wagner-Weiner, MD Pediatrician
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Dr. Anna M. Simpson-O'reggio, MD Pediatrician Medical Clinic
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Dr. Lucille A. Lester, MD Pediatrician Medical Clinic
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University-Chicago Pediatrics: Rubin Charles M MD Physician
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Mcneer Jennifer L MD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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