401 81St Ave Merrillville, IN 46410
Property Lookup
Property profile & analytics
401 81St Ave Merrillville, IN 46410
- Strip malls
- 32,287 SF
- 2.71 lot acres
Property ID
US31-0659888
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Verizon / Mobile Phone Store / Electronics & Wireless Store
- Verizon Business Services / Business To Business Service
Property Details for 401 81St Ave
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 2.71 lot acres
- Property size
- 32,287 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 45-12-21-402-003.000-030
- APU
- 451221402003000030
Description
This exceptional retail opportunity is located in the highly desirable Ross Plaza, situated on US 30 in Merrillville, Indiana. The property boasts a prime location within a shadow-anchored power center, benefiting from its proximity to a major national tenant, Meijer. This ensures high traffic volume and excellent visibility for potential tenants. Two retail spaces are currently available, ranging in size from 1,600 to 2,535 square feet, providing flexibility for various business needs. The center enjoys a highly accessible location, with a signalized entrance directly from US 30, ensuring easy access for customers. Merrillville Road, a main thoroughfare, provides convenient access from nearby residential neighborhoods. This strategic location on a major roadway, combined with the presence of a significant anchor tenant, creates a compelling opportunity for businesses seeking high visibility and strong foot traffic. The property is situated in Lake County and offers a unique chance to establish a thriving retail presence in a bustling commercial area. The available spaces are ideal for a variety of retail concepts, capitalizing on the significant traffic flow generated by the adjacent Meijer and the overall high visibility of the location. Don't miss this chance to secure a space in this thriving retail center.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $735,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,193,000
Market price range: $727k - $1.22M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $920,000 Current use
- RETAIL STORES
- $1,525,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $1,320,000 Change: +44% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,315,000 Change: +43% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,120,000 Change: +22% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3413
- Latitude
- 41.47
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$50,141
$840,600
$1,649,800
$2,490,400
-
$840,600
$1,649,800
$2,490,400
