Property profile

720 81st Ave Merrillville, IN 46410

OFF-MARKET
Turn key restaurants
Property ID
US31-0635501
3,788 SF 2.4 ac lot Built 1998
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1998
Construction WOOD FRAME
Total area 3,788 SF
Lot 2.4 ac (104,544 SF)
APN 45-12-21-178-005.000-030
UPID US31-0635501

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
  • Restaurant

Location

720 81st Ave Merrillville, IN 46410-5308
Merrillville metro Census 42503 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2024
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A

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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