8510-8514 Broadway Merrillville, IN 46410
This exceptional 24,162 square foot mixed-use property, located at 8510-8514 Broadway in Merrillville, Indiana, presents a unique investment opportunity. The two-story building, constructed in 1992 and boasting multiple renovations over the past two decades, previously served as a surgery center and office complex until April 2024. Now vacant, this R33 zoned property offers immense potential for a variety of uses. The expansive lot size mirrors the building's footprint at 24,162 square feet, providing ample space and flexibility. Conveniently situated, the property offers easy access to Chicago and is surrounded by a wealth of amenities, including hospitals, retail establishments, other office spaces, and hospitality options. The property includes 108 parking spaces, ensuring convenient access for employees and clients. Previously valued at over $3,000,000, this property is offered at a suggested opening bid of $950,000. On-site inspections are available on October 9th, 15th, 22nd, and 31st, from 12:00 PM to 2:00 PM. Don't miss this chance to acquire a substantial property in a thriving location.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.