500 81st Ave Merrillville, IN 46410-5599
Property Lookup
Property profile & analytics
500 81st Ave Merrillville, IN 46410-5599
- Individual retail properties
- 40,062 SF
- 3.39 lot acres
Property ID
US31-3248877
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
- Dr. Alexander Williams, DDS / Dental Office
- StepUp Insurance IN / Insurance Agency
- Sean Mullins, Attorney At Law / Law Firm
- Med Ed CNA Training Classes / Vocational School / Training Center
- Law Offices of Michael Lambert / Law Firm
Property Details for 500 81st Ave
- Year built
- 2017
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.39 lot acres
- Property size
- 40,062 SF
- Property type
- Individual retail properties
- APN
- 45-12-22-152-009.000-030
- APU
- 451222152009000030
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $785,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3342
- Latitude
- 41.4719
- 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
$133,748
$928,000
$5,492,900
$6,420,900
-
$928,000
$5,492,900
$6,420,900
