4831 E 81St Ave Merrillville, IN 46410
Property Lookup
Property profile & analytics
4831 E 81St Ave Merrillville, IN 46410
- Strip malls
- 18,000 SF
- 1.90 lot acres
Property ID
US31-0740812
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
- Strip malls
Property Details for 4831 E 81St Ave
- Year built
- 2005
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.90 lot acres
- Property size
- 18,000 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 45-13-19-301-001.000-046
- APU
- 451319301001000046
Description
This well-maintained, two-building retail center in Merrillville, Indiana, offers 59,800 square feet of space, with units ranging from 1,400 to 4,200 contiguous square feet. Built in 2005, the single-story Class C property boasts excellent visibility on US 30 Highway, experiencing over 53,000 vehicles daily. The center enjoys a strong tenant mix, including Anytime Fitness, Midwest Express Clinic, El Salto Mexican Restaurant, and the Indiana Bureau of Motor Vehicles, among others. Three spaces are currently available, ideal for retail or office users. The property's location in Lake County, at 4831 E 81st Ave, zip code 46410, places it near major retailers such as Sam's Club, Walmart, Hobby Lobby, and South Lake Mall, ensuring high traffic and visibility. End cap locations are available. The minimum divisible space is 1,400 square feet. This presents a compelling opportunity for businesses seeking high-traffic retail or office space in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $445,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $681,000
Market price range: $405k - $682k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $510,000 Current use
- RETAIL STORES
- $850,000 Change: +66% Conversion: Easy
- MEDICAL BUILDING
- $735,000 Change: +44% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $735,000 Change: +43% Conversion: Easy
- WAREHOUSE, STORAGE
- $625,000 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
- -87.277
- Latitude
- 41.4705
- 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
$62,074
$472,700
$1,945,400
$2,418,100
-
$472,700
$1,945,400
$2,418,100
