Property profile

1533 86th Pl Merrillville, IN 46410

OFF-MARKET
Other industrial land
Property ID
US31-2778020
0.33 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property includes a single 4,125-square-foot unit configured with approximately 600 square feet of office space and approximately 3,525 square feet of warehouse space. The office area features a reception/office area, one private office, a small kitchen area, and one bathroom. The warehouse area has a 21-foot ceiling and a 10-by-14-foot overhead door, and it includes a small bathroom. Parking is provided in front of the building. The building is located at the southwest corner of Mississippi Street and 86th Avenue, approximately one mile southeast of the I-65 and U.S. 30 interchange, with Southlake Mall about one-half mile to the north, and it provides access to regional highways including I-65, I-80/94, and I-90. This is identified as the southeast building.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.33 ac (14,375 SF)
APN 45-12-27-230-010.000-030
UPID US31-2778020

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1533 86th Pl Merrillville, IN 46410-6343
Merrillville metro Census 42302 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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