Property profile & analytics
101 90th Dr Merrillville, IN 46410-7171
- Office properties & Spaces
- 12,429 SF
- 0.93 lot acres
OFF-MARKET
Last Sale
Jan 22, 2025
Jan 22, 2025
Value Estimations
$1,040,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0416156
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
- Alexander Lopez Law Office / Law Firm
- Goad II Wendell W / Law Firm
- A Bankruptcy / Law Firm / Financial Advisor
- Heartland Title / Law Firm
- Near North Title Group / Title Company
Property Details for 101 90th Dr
- Year built
- 1993
- Construction
- WOOD
- Lot size
- 0.93 lot acres
- Property size
- 12,429 SF
- Property type
- Office properties & Spaces
- APN
- 45-12-27-304-006.000-030
- APU
- 451227304006000030
Description
This exceptional 12,429 square foot, three-unit office building presents a compelling investment opportunity in Merrillville, Indiana. Located at 101 E 90th Dr, this 1993-built brick structure boasts a strong leasing history with stable, long-term tenants, including a major financial services firm occupying space since 1999 and a regional title company since 2014. The building's prime location in South Merrillville, bordering Crown Point, offers convenient access to major thoroughfares like 90th Drive, Broadway Avenue (SR-53), and US Highway 30. Its proximity to The Ameriplex at the Crossroads and Broadway Methodist Hospital further enhances its appeal. Currently, one unit is available, presenting an owner-occupier opportunity to build equity while generating additional income, or an investor can capitalize on the vacancy to increase rental rates, particularly by attracting a medical office tenant, given the building's suitability for both general office and medical uses. The building features ample parking and prominent marquis signage. The asking price is $1,485,000. The well-maintained building, with recently remodeled occupied suites, offers a professional and welcoming environment for tenants and clients alike.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,337,000
Market price range: $640k - $1.65M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,140,000 Current use
- RETAIL STORES
- $945,000 Change: -17% Conversion: Easy
- WAREHOUSE, STORAGE
- $925,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3337
- Latitude
- 41.4547
- 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
$21,412
$266,200
$758,800
$1,025,000
-
$266,200
$758,800
$1,025,000
