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Property profile & analytics
FOR SALE
Parking lots & garages

1441 E 82Nd Ave Merrillville, IN 46410

0.98 ac lot Built 1984
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US31-0420894
Property summary
AI-generated overview

This exceptional 3,298 square foot executive office space is located at 1441 E 82nd Ave in Merrillville, Indiana, 46410. Built in 1986, the property sits on a 1.14-acre lot and is currently vacant, presenting a unique opportunity for immediate occupancy. Previously used as a restaurant, the space offers significant potential for repurposing to suit a variety of executive office needs. The building benefits from high visibility due to its location, experiencing traffic from over 20,000 cars daily on Mississippi Street. Its strategic placement provides easy access to US 30 and I-65, enhancing accessibility for employees and clients. The property's proximity to hotels and restaurants adds further convenience. The existing drive-thru window presents an interesting feature for potential adaptive reuse. This location offers a strong foothold in Northwest Indiana's thriving business community. The property's size and location make it an ideal choice for businesses seeking a prominent and easily accessible office space. The vacant status allows for immediate customization to meet specific business requirements.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1984
Lot 0.98 ac (42,732 SF)
APN 45-12-22-427-006.000-030
UPID US31-0420894
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Shah & Luke LLC
Shah & Luke LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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