Property profile & analytics
521 86Th Ave Merrillville, IN 46410
- Office properties & Spaces
- 32,928 SF
- 2.88 lot acres
For Lease
View listing
$10 SF/Yr
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-0581409
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.
Current Use by Public Records
- Kelly Hendrickson | Counselor | Pillars of Wellness / Counselor
- Ms. Vanessa Qualls | Mental Health Counselor | Pillars of Wellness / Counselor
- Starcevich Kristine L MD / Physician / Medical Clinic
- Certified Sleep Center-Northern / Physician
- Sagalovsky Helena MD / Physician
Property Details for 521 86Th Ave
- Year built
- 1979
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.88 lot acres
- Property size
- 32,928 SF
- Property type
- Office properties & Spaces
- APN
- 45-12-27-103-003.000-030
- APU
- 451227103003000030
Description
This single-story, 32,792 square foot office building in Merrillville, Indiana, offers 12 suites ranging from 1,009 to 13,195 contiguous square feet. Located on a 2.83-acre lot at 521 E 86th Ave, this Class B property, built in 1979 and renovated in 1985, is ideal for a variety of uses, including medical and executive offices. Features include private entries, restrooms, kitchenettes, and conference rooms. The property's flexible suite sizes cater to diverse tenant needs, from small businesses to larger organizations. The building's single-story design provides convenient access and ample parking. Property taxes are $1.41 per square foot. The location in Lake County (APN: 45-12-27-103-003.000-030), with its convenient access to major roadways, makes it an attractive option for businesses seeking a prominent presence in the Merrillville area. This is a prime opportunity for owner-users or tenants seeking flexible and well-appointed office space. Tenant incentives are available.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,504,000
Market price range: $1.70M - $4.37M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,025,000 Current use
- RETAIL STORES
- $2,500,000 Change: -17% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,455,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.331
- Latitude
- 41.4619
- 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
$40,129
$572,500
$1,347,300
$1,919,800
-
$572,500
$1,347,300
$1,919,800
