Financial
Distress signals
Property profile

6110 Broadway Merrillville, IN 46410

FOR SALE
Commercial land
Property ID
US31-0434026
20.61 ac lot
Last sale Dec 2024 · $4,050,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail shopping center totaling approximately 60,000 square feet, located within a retail corridor and positioned to serve nearby national-brand tenants. It has highly visible frontage and includes on-site parking. The site provides convenient access to major highways.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$32k
Tax billed · 2022
Assessed value · 2023$1.55M
Assessed land$1.55M
Effective rate2.09%

Value estimate

· Sep 2026
$4.05M
$3.65M – $4.46M
AI approach$4.05M
NOI build-up
Gross scheduled income$2.66M
Vacancy & credit loss−$117k
Operating expenses−$763k
NOI · 37.47% cap applied$1.78M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$52 – $133

Cap rate analysis

How does the asset earn?
37.47%
$1.78M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply18.8
Wholesale Shop17.3
Realty agency15.3

Location

6110 Broadway Merrillville, IN 46410
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Wright, Merrillville, IN 46410 $500,000 Aug 2024 No data
7477 Mississippi, Merrillville, IN 46410-4832 $1,000,000 Oct 2023 No data
1711 54th Aveave, Merrillville, IN 46410-1327 $19,700,000 Sep 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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