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Property profile & analytics
OFF-MARKET
Office Spaces

8528 Broadway Merrillville, IN 46410

4,700 SF Built 1990
Property ID
Property summary
AI-generated overview

This exceptional 4,700-square-foot single-tenant office space at 8528 Broadway is perfectly suited for executive or medical offices. Built in 1990 and renovated in 2020, the property boasts a modern interior with 9-foot ceilings. The entire space is currently vacant and available for immediate occupancy. The building offers 45 parking spaces for ample client and employee convenience. This one-story building enjoys a highly visible Broadway frontage, providing unmatched signage opportunities. Located in a thriving Northwest Indiana commercial district, the property benefits from close proximity to major roadways including US 30, Broadway, and I-65, placing it within easy reach of a diverse range of businesses, hospitals, and financial centers. It's also just a half-mile from a local hospital and a mile from the intersection of Broadway and US 30, as well as the I-65 exchange. The lease offers a fixed cost with no variable monthly CAM or assessments. The property is divisible to a minimum of 3,900 square feet and build-to-suit options are available. A municipal bus stop is conveniently located directly across the street. This location offers unparalleled advertising visibility and value compared to other options in the area, with potential added value advertising opportunities at a secondary location. The property is approximately 45 minutes from downtown Chicago.

Property profile
Verified
Property type Office Spaces
Year built 1990
Total area 4,700 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
Current use
Occupant on record · Public records
  • Dr. Linda C. Wagner-Weiner, MD Pediatrician
  • Dr. Anna M. Simpson-O'reggio, MD Pediatrician Medical Clinic
  • Dr. Lucille A. Lester, MD Pediatrician Medical Clinic
  • University-Chicago Pediatrics: Rubin Charles M MD Physician
  • Mcneer Jennifer L MD Physician
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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