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Property profile & analytics
OFF-MARKET
Mixed-use properties

200 61St Ave Merrillville, IN 46410

0.89 ac lot Built 1921
Property ID
US31-0680614
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1921
Lot 0.89 ac (38,768 SF)
UPID US31-0680614
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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