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Property profile & analytics

1201 86th Pl Merrillville, IN 46410-6337

  • Manufacturing properties
  • 30,414 SF
  • 2.87 lot acres
OFF-MARKET
Last Sale
Dec 06, 2022
Value Estimations
$670,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0661378
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

  • Manufacturing properties

Property Details for 1201 86th Pl

Year built
1989
Construction
WOOD
Lot size
2.87 lot acres
Property size
30,414 SF
Property type
Manufacturing properties
APN
45-12-27-202-007.000-030
APU
451227202007000030

Description

This exceptional 29,420-square-foot industrial flex building, located at 1201 E 86th Place in Merrillville, Indiana, presents a unique investment opportunity. The property, situated on a 2.87-acre lot, offers flexible space ideal for a variety of uses. Built in 1989, this Class C building boasts a two-story design with a generous 20-foot ceiling height, providing ample room for operations and storage. Eight drive-in doors ensure efficient loading and unloading. The building can accommodate a single large tenant or be easily subdivided into smaller, customizable units, each with a blend of office and warehouse space. The property's zoning is M-1 Limited Industrial. Its strategic location at the intersection of 86th Place and Mississippi Street in Merrillville, the largest town in Lake County, Indiana, offers excellent visibility and accessibility. The property benefits from its proximity to I-65 and enjoys one of the lowest tax rates in Lake County. Potential uses include, but are not limited to, lab space, research and development, technology firms, processing facilities, auto repair shops, manufacturing operations, and outside storage. The APN is 45-12-27-202-007.000-030. This property is a prime opportunity for businesses seeking a versatile and well-located industrial space in a thriving community. The zip code is 46410.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $670,000
  • Alternative Use

    Use
    Estimation
    INDUSTRIAL (GENERAL)
    $995,000
    Current use
    WAREHOUSE, STORAGE
    $1,055,000
    Change: +6% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Merrillville
County
Lake
State
Indiana
Longitude
-87.3217
Latitude
41.4609
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
$26,850
$255,800
$1,865,400
$2,121,200
-
$255,800
$1,865,400
$2,121,200
More about this property
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