1777 81st Ave Merrillville, IN 46410
This 14,412 square foot free-standing building, situated on a 3.16-acre lot in Merrillville, Indiana, presents a unique opportunity. Previously used as an auto dealership, the property boasts a prime location directly on US 30 (W. 81st Ave), offering maximum visibility to high traffic volume. Its convenient proximity to I-65 (less than 2 miles via US 30) ensures excellent accessibility. The building, constructed in 1992, includes a spacious showroom, multiple offices, conference rooms, and breakrooms. A substantial service and parts department features eight lifts and multiple drive-in doors. Ample parking is available, with room for approximately 190-200 vehicles. The property benefits from its location within a strong retail trade area in Northwest Indiana, surrounded by other dealerships (Hyundai, Infiniti, Ford, Cadillac) and national retailers (Aldi, Gordon Food Service, Starbucks, Meijer, At Home, and more). The entire 14,412 square feet is currently vacant and ready for immediate occupancy. This property is zoned for commercial use in Lake County, Indiana, zip code 46410.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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