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Property profile & analytics

1441 82Nd Ave Merrillville, IN 46410

  • Parking lots & garages
  • 0.98 lot acres
Value Estimation
Location Intelligence
Property ID
US31-0420894
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Parking lots & garages

Property Details for 1441 82Nd Ave

Year built
1984
Lot size
0.98 lot acres
Property type
Parking lots & garages
APN
45-12-22-427-006.000-030
APU
451222427006000030

Description

This exceptional 3,298 square foot executive office space is located at 1441 E 82nd Ave in Merrillville, Indiana, 46410. Built in 1986, the property sits on a 1.14-acre lot and is currently vacant, presenting a unique opportunity for immediate occupancy. Previously used as a restaurant, the space offers significant potential for repurposing to suit a variety of executive office needs. The building benefits from high visibility due to its location, experiencing traffic from over 20,000 cars daily on Mississippi Street. Its strategic placement provides easy access to US 30 and I-65, enhancing accessibility for employees and clients. The property's proximity to hotels and restaurants adds further convenience. The existing drive-thru window presents an interesting feature for potential adaptive reuse. This location offers a strong foothold in Northwest Indiana's thriving business community. The property's size and location make it an ideal choice for businesses seeking a prominent and easily accessible office space. The vacant status allows for immediate customization to meet specific business requirements.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $265,000
    6.5%
    $290,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $280,000
    Geo Method
    $245,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $305,000
    Retail
    $295,000
    Mixed-Use
    $260,000
    Hospitality
    $260,000
    Educational
    $255,000
    Residential Income
    $260,000
    Energy
    $265,000
    Income-Based Land
    $320,000
    Food Service
    $295,000

Location Insight

  • Map
  • Local Demand
City
Merrillville
County
Lake
State
Indiana
Longitude
-87.3186
Latitude
41.4695
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,485
$200,900
$13,800
$214,700
-
$200,900
$13,800
$214,700
More about this property
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