500 81st Ave, Merrillville, IN 46410-5599
Ross Commons, a well-maintained Class B office complex in Merrillville, Indiana, offers multiple suites ranging from 1,325 to 6,216 square feet. Located at the highly visible intersection of Merrillville Road and US Highway 30, this 23,296 square foot building boasts excellent accessibility and ample parking (115 spaces), recently resurfaced. The property sits on a 2.5-acre lot and features pylon signage for enhanced visibility. Partial roof replacement was completed in Fall 2020. The building benefits from a Highway Commercial zoning designation and enjoys a prime location near major roadways, including I-65, and numerous amenities such as Walgreens, Meijer, and various restaurants. The property's strong location is further supported by high traffic counts: 49,127 cars daily on US Highway 30 (Eastbound) and 9,747 cars daily on Merrillville Road (Southbound) (2024 INDOT data). Triple net expenses are estimated at $2.75 per square foot. Tenants are responsible for separately metered utilities and janitorial services. The building was constructed in 1973 and has a minimum divisible space of 1,325 square feet with a maximum contiguous space of 6,216 square feet. The APN is 45-12-21-251-014.000-030. Current tenants include a diverse mix of professional businesses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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