Property profile & analytics
1350 83rd Ave Merrillville, IN 46410-6364
- Hotels
- 33,676 SF
- 2.51 lot acres
OFF-MARKET
Last Sale
Feb 17, 2022
Feb 17, 2022
$3,150,000
Value Estimations
$3,060,000
Show details
Cap Rate Potential
7.3%
Hotels
Location Intelligence
Property ID
US31-0312108
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
- Quality Inn / Hotel
Property Details for 1350 83rd Ave
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 2.51 lot acres
- Property size
- 33,676 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 45-12-22-401-003.000-030
- APU
- 451222401003000030
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,970,000
- ML approach
- $2,950,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,600,000
- 6.5%
- $3,320,000
- 7%
- $3,085,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,345,000
- APARTMENT HOUSE (5+ UNITS)
- $1,940,000
- AUTO REPAIR, GARAGE
- $1,845,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3218
- Latitude
- 41.4687
- 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
$97,445
$578,700
$1,844,500
$2,423,200
-
$578,700
$1,844,500
$2,423,200
