200 61St Ave Merrillville, IN 46410
This exceptional mixed-use property at 200 W 61st Avenue, Merrillville, IN, presents a unique investment opportunity. Situated on a 0.89-acre lot, this building offers significant flexibility for a variety of commercial and residential uses. The main level boasts several office spaces ideal for retail, medical, or service-oriented businesses, complemented by an enclosed porch. The basement provides additional space, including two rooms suitable for offices or storage, and a large room with a fireplace and bathroom, potentially serving as a conference room. Upstairs, a full kitchen and bathroom create the potential for living quarters or additional office space. Ample parking is available, and the property benefits from high visibility on a bustling avenue, ensuring easy access for customers and clients. Convenient access to major highways and public transportation further enhances its appeal. A heated four-car garage offers additional storage or workshop space. This property's versatility, prime location, and ample space make it an attractive investment for those seeking a blend of commercial and residential functionality. The combination of commercial and residential potential offers a unique opportunity to maximize return on investment. This property is ready for immediate occupancy and offers a rare chance to establish a thriving business while enjoying the convenience of on-site living.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.