Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Strip malls

    401 81St Ave, Merrillville, IN 46410

    32,287 SF 2.71 ac lot Built 1985
    Entity Owned ~ Est. High Equity
    Property ID
    US31-0659888
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1985
    Construction WOOD
    Total area 32,287 SF
    Lot 2.71 ac (117,917 SF)
    APN 45-12-21-402-003.000-030
    UPID US31-0659888
    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
    Current use
    Occupant on record · Public records
    • Verizon Mobile Phone Store Electronics & Wireless Store
    • Verizon Business Services Business To Business Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $735k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.19M
    Blend (final) Blend
    $965k
    Owner & transaction history
    Ross Plaza LLC
    Ross Plaza LLC
    2 recorded transactions
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.5M +66.1%
    Medical building $1.3M +43.9%
    Commercial (general) $1.3M +43.4%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message