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7020 Broadway Merrillville, IN 46410

OFF-MARKET Office Spaces Google Maps
0.92 ac lot Built 1923
Estimated value
No estimation on file for this property yet.
Property ID US31-3131218

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1923
Lot 0.92 ac (40,075 SF)
UPID US31-3131218

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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