Property profile & analytics
555 81st Ave Merrillville, IN 46410-5789
- Turn key restaurants
- 11,636 SF
- 1.31 lot acres
OFF-MARKET
Value Estimations
$595,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-3205927
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
- Portillo's Merrillville / Fast Food Restaurant / Hot Dog Restaurant
- Sissy Spa / Nail Salon
Property Details for 555 81st Ave
- Year built
- 2006
- Construction
- WOOD
- Lot size
- 1.31 lot acres
- Property size
- 11,636 SF
- Property type
- Turn key restaurants
- APN
- 45-12-22-301-023.000-030
- APU
- 451222301023000030
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $805,000
Market price range: $565k - $1.16M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $810,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $670,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.333
- Latitude
- 41.4704
- 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
$53,737
$465,600
$2,114,200
$2,579,800
-
$465,600
$2,114,200
$2,579,800
