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Financial
Distress signals
Property profile

5200 Cleveland St Merrillville, IN 46410

FOR LEASE
Auto shops
Property ID
US31-0894420
12,400 SF 2.15 ac lot Built 1969
Last sale Aug 2026
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 5200 Cleveland Street in Gary, Indiana consists of a 12,400 square-foot industrial building on a fully fenced 2.15-acre lot. The interior layout includes a front showroom, office area, and warehouse space, with three 14-foot drive-in doors and an approximately 28-foot peak ceiling height. The building is suitable for a range of industrial and service-based uses. Improvements include a roof that is approximately five years old and an electronic exterior sign. The site provides…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value · 2023$262k
Assessed land$140k
Assessed improvement$122k
Effective rate3.05%

Value estimate

· Oct 2026
$350k
$315k – $385k
AI approach$350k
NOI build-up
Gross scheduled income$113k
Vacancy & credit loss−$7k
Operating expenses−$37k
NOI · 490,400.00% cap applied$69k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
490,400.00%
$69k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.8
Restaurant24.0
Building Supply23.6

Location

5200 Cleveland St Merrillville, IN 46410
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6349 Broadway, Merrillville, IN 46410-3005 $1,050,000 Nov 2024 11,519 SF
1710 81st, Merrillville, IN 46410-5349 $1,870,000 Jul 2024 20,142 SF
1407 Lincoln, Merrillville, IN 46410-5327 $575,000 Feb 2024 4,100 SF
6491 Broadway, Merrillville, IN 46410-3007 $900,000 Jul 2022 12,514 SF
6300 Broadway, Merrillville, IN 46410-3006 $950,000 Aug 2021 27,488 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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