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Property profile & analytics
FOR SALE
Grocery and convenience stores

700 East 81St Ave Merrillville, IN 46410

960 SF 0.64 ac lot Built 1988
Trust Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0024015
Property summary
AI-generated overview

This exceptional 0.64-acre commercial land parcel presents a unique investment opportunity in the thriving Merrillville, Indiana market. Located at 700 East 81st Avenue, this property boasts unparalleled accessibility, situated near the intersection of major interstates I-65, I-80, and I-94, ensuring convenient access for businesses and customers alike. The strategic location is further enhanced by its proximity to a significant concentration of existing commercial development. Neighboring properties include over two million square feet of retail space, providing a robust and established commercial environment. In addition, over one million square feet of office and hotel space are located nearby, creating a high-traffic area with substantial consumer and employee populations. This prime location offers significant potential for a wide range of commercial developments, making it an ideal investment for developers seeking a high-visibility site with excellent connectivity and established commercial infrastructure. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The asking price for this exceptional parcel is $1,290,000. This represents a compelling opportunity to acquire a strategically located commercial land parcel in a rapidly growing area. Serious inquiries are encouraged.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1988
Construction WOOD
Total area 960 SF
Lot 0.64 ac (27,791 SF)
APN 45-12-22-153-009.000-030
UPID US31-0024015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Trust 19351 · 20 yrs held
Trust 19351
since 2006
2 recorded transactions
2006
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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