You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $535,000
Strip malls

1050 84th Dr 1100 Merrillville, IN 46410-6686

16,830 SF 1.89 ac lot Built 2006
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-0685457
Property summary
AI-generated overview

This exceptional 1,200 square foot retail storefront is located within the 16,830 square foot Avondale Plaza, situated on a 1.88-acre lot at a prominent stoplight corner in Merrillville, Indiana. The space is newly remodeled and boasts excellent visibility with frontage on Merrillville Road. This C-2 zoned property (APN: 45-12-21-451-003.000-030, Lake County) offers 279 feet of frontage on Merrillville Road and 303 feet on 84th Drive, providing unparalleled exposure to high vehicular traffic. The plaza is home to established businesses including Sylvan Learning Center, Lake County Bar Association, and Barb's Classic K-9 Cuts, ensuring a strong tenant mix. The building, constructed in 2006, includes 98 parking spaces for ample customer convenience. Its strategic location is just one block south of US Highway 30/Merrillville Road, two blocks west of Broadway (SR 53), and less than a mile east of the I-65/US Highway 30 interchange, providing easy access for customers and employees. Nearby amenities include Meijer, Wendy's, Walgreens, and the Ross Plaza shopping center, further enhancing its appeal. Merrillville's status as Lake County's largest town, combined with its low tax rate, makes this an attractive investment opportunity. The property is ideal for a variety of retail, office, or restaurant uses. The minimum divisible space is 1,200 sq ft, with a maximum contiguous space also of 1,200 sq ft.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Construction WOOD
Total area 16,830 SF
Lot 1.89 ac (82,285 SF)
Zoning code R33
APN 45-12-21-451-003.000-030
UPID US31-0685457
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
  • Barbs Classic K-9 Cuts Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$535k
Owner & transaction history
Hobart Reidental LLC · 8 yrs held
Hobart Reidental LLC
since 2017
4 recorded transactions
2017
Price N/A
2012
Price N/A
2012
$530,678
2011
$530,678
Zoning & alternative use
R33 · Merrillville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Code of Ordinances
Top alternative use upside
Retail stores $795,000 +66.1%
Medical building $690,000 +43.9%
Commercial (general) $685,000 +43.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1050 84th Dr, Unit 1100?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message