Entity Owned Property summary
This exceptional investment opportunity presents a fully occupied, two-tenant, Class B office building totaling 33,244 square feet, situated on a 2.5-acre lot in Merrillville, Indiana. Built in 2000, this property boasts a strong 100% occupancy rate, generating a substantial net operating income (NOI) of $421,274, representing an attractive 8.74% cap rate. The asking price is $4,818,263, translating to $144.94 per square foot. The property features a convenient net lease structure with two… tenants, providing stable and predictable cash flow. Ample parking is available with 1,100 spaces, serving the two-story building. Located on a high-traffic commercial corridor (approximately 40,000 vehicles per day) with easy access to Interstate 65, this property benefits from its proximity to downtown Merrillville and St. Mary Medical Center. The C-3 zoning allows for a variety of uses. The building's excellent condition and location, combined with the strong tenant base, make this a compelling investment opportunity in a growing submarket within the Chicago Metropolitan Statistical Area. Over 50% of the current tenant base has occupied the space for over nine years, demonstrating long-term commitment and market demand. This presents a rare chance to acquire a stable, high-cash-flow asset with potential for future rental increases.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 35,084 SF
- Lot area
- 2.5 ac
- Year built
- 2000
- Stories
- 2
- APN
- 45-12-22-477-001.000-030
- Zoning
- R33
- Assessed value · 2023
- $2,244,300
- Annual tax · 2022
- $46,883
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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