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    Property profile & analytics
    OFF-MARKET Estimated value $1,040,000
    Office Spaces

    101 90th Dr, Merrillville, IN 46410-7171

    12,429 SF 0.93 ac lot Built 1993
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US31-0416156
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1993
    Construction WOOD
    Total area 12,429 SF
    Lot 0.93 ac (40,511 SF)
    APN 45-12-27-304-006.000-030
    UPID US31-0416156
    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
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.34M
    Blend (final) Blend
    $1.04M
    Owner & transaction history
    Jp Bell LLC · 1 yrs held
    Jp Bell LLC
    since 2025
    4 recorded transactions
    2025
    $1.3M
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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