7020 Broadway Merrillville, IN 46410
- Office Properties & Spaces
- 0.92 lot acres
Current Use by Public Records
- Wright Insurance / Insurance Agency
Property Details for 7020 Broadway
- Year built
- 1923
- Lot size
- 0.92 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional 0.92-acre property at 7020 Broadway in Merrillville, Indiana, presents a unique investment opportunity. Currently configured as office space, this building offers endless possibilities for a variety of uses. The substantial lot size provides extensive parking, a significant advantage for any business. A newer garage located at the rear of the property offers valuable storage space, further enhancing its practicality. The building's previous use as office space is well-suited for continued operation in that capacity, benefiting from its high-traffic Broadway location. However, the property's zoning and potential for conversion should be investigated by prospective buyers. The depth of the lot is a notable feature, offering flexibility for expansion or future development. The asking price is $149,900. All interested parties are strongly encouraged to independently verify all zoning regulations and property details before submitting an offer. This property represents a rare chance to acquire a versatile commercial space with significant potential in a desirable location. The combination of ample parking, a dedicated storage garage, and the substantial lot size makes this an attractive proposition for businesses seeking a well-equipped and conveniently located space. The building's history as an office space provides a solid foundation for continued commercial use, while its adaptability opens doors to a range of alternative applications.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.33636
- Latitude
- 41.49009