Property summary
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
VerifiedCap rate & NOI
Current use
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Insurance Agency
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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