270 90Th DrMerrillville, IN 46410

Property Details for 270 90Th Dr

Year built

1989

Construction

WOOD

Property size (Sq ft)

2,892 SF

Property type

Office properties

Property subtype

Other office properties

APN

45-12-27-303-007.000-030

APU

451227303007000030

Description

This exceptional two-story brick building, located at 270 E 90th Dr in Merrillville, Indiana, offers 10,100 square feet of versatile office space, ideal for both traditional office uses and medical practices. The property is currently available for purchase, offering a flexible footprint ranging from 1,600 to 6,000 square feet for single-tenant occupancy. The asking price starts at $159 per square foot, as-is. Benefit from its convenient location just off Broadway on 90th Drive, south of Methodist Hospital, providing excellent visibility and accessibility. Enjoy easy access to major transportation arteries, situated one mile south of US Highway 30 and a mere five minutes from the I-65 interchange. This presents a unique opportunity to acquire a well-positioned property in a thriving area of Lake County, Indiana, with a zip code of 46410. The building's existing infrastructure makes it suitable for immediate occupancy, presenting a cost-effective entry into the Merrillville commercial real estate market. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $929,406

  6.5%

  $857,914

  7%

  $796,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $376,683

  Geo Method

  $376,683

• Alternative Use

  Use

  Valuation

  Residential

  $1,063,813

  Hospitality

  $974,447

  Educational

  $810,728

  Medical

  $838,610

  Retail

  $1,261,133

Location Insight

City

Merrillville

County

Lake

State

Indiana

Latitude

41.456

Longitude

-87.3316

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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