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Property profile & analytics
OFF-MARKET
Office Spaces

8510-8514 Broadway Merrillville, IN 46410

24,162 SF Built 1992
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1992
Total area 24,162 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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