Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    8690 Broadway Ave, Merrillville, IN 46410

    2.07 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 2.07-acre commercial lot in Merrillville, Indiana, is located on a Broadway Avenue stoplight corner, directly across from Methodist Hospital. Zoned C-5 Office and Research, it's ideal for medical or professional office development. The property boasts over 266 feet of road frontage on Broadway and has all utilities readily available. Its prime location benefits from proximity to various businesses, including legal, medical, and financial services, as well as dining and shopping options. The 2022 INDOT traffic count registered 23,301 vehicles per day, highlighting its high visibility and accessibility. The property's APN is 45-12-28-276-008.000-030, and the 2022/2023 property taxes totaled $6,190.60. This exceptional location presents a significant opportunity for development in a thriving commercial area. The asking price for this highly desirable property is $250,000.

    Property profile
    Verified
    Property type Land
    Lot 2.07 ac (90,169 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 8690 Broadway Ave?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message