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Financial
Distress signals
Property profile

740 81st Ave Merrillville, IN 46410

OFF-MARKET
Turn key restaurants
Property ID
US31-3366502
7,607 SF 1.93 ac lot Built 2002
Last sale Aug 2025 · $2,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Merrillville, Indiana restaurant property presents a unique investment opportunity. Located at 740 East 81st Avenue, this 7,607 square foot former restaurant sits on a spacious 1.93-acre lot and boasts ample parking with approximately 150 spaces. The property features multiple seating areas, including a bar and a patio, offering versatile space for a variety of culinary concepts. The building is ready for immediate occupancy and could easily be adapted to suit a new…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$54k
Tax billed · 2022
Assessed value · 2023$1.75M
Assessed land$834k
Assessed improvement$914k
Effective rate3.08%

Value estimate

· Oct 2026
$475k
$428k – $523k
AI approach$405k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.7
HVAC Service9.9
Computer & Electronic Repair8.9

Location

740 81st Ave Merrillville, IN 46410-5537
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6190 Broadway, Merrillville, IN 46410-3002 $500,000 Jan 2025 5,924 SF
8255 Georgia, Merrillville, IN 46410-6226 $1,400,000 Jul 2024 8,215 SF
261 80th, Merrillville, IN 46410-5431 $210,000 Jan 2023 7,200 SF
3750 80th, Merrillville, IN 46410-5051 $890,000 Mar 2022 9,716 SF
281 80th, Merrillville, IN 46410-5431 $220,000 Aug 2021 7,200 SF
6124 Broadway, Merrillville, IN 46410-3062 $575,000 Jul 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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