8690 Broadway Ave, Merrillville, IN 46410
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.