Property profile

1601 Southlake Mall Merrillville, IN 46410

OFF-MARKET
Turn key restaurants
Property ID
US31-0649468
6,273 SF 3.44 ac lot Built 1995
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction TYPE NOT SPECIFIED
Total area 6,273 SF
Lot 3.44 ac (149,846 SF)
APN 45-12-23-301-002.000-046
UPID US31-0649468

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bicycle Rack
  • Department Store
  • Cosmetic Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

1601 Southlake Mall Merrillville, IN 46410-6449
Merrillville metro Census 42302 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

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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