Property profile

7525 Taft St Merrillville, IN 46410

OFF-MARKET
Other office properties
Property ID
US31-0570054
48,192 SF 9.03 ac lot Built 1972
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a church facility with an integrated daycare, totaling 48,192 square feet on 9.03 acres in Merrillville, Indiana. It was constructed in 1972 and underwent renovations in 1998, with a 5,800-square-foot daycare addition completed in 2005. The site includes parking for more than 500 vehicles and is located minutes from US 30 and I-65. Building spaces include a lobby, multiple private and general offices, and conference rooms. The main sanctuary covers 18,400 square feet and features advanced LED lighting and a sound system, along with two screens and a center-stage LED wall. The children’s wing includes classrooms, a two-story auditorium, and restrooms, plus additional conference rooms. An indoor play zone occupies approximately 4,200 square feet and includes a two-story indoor tunnel playground, a gathering area with a coffee bar/kitchenette, and public restrooms. The second level provides dedicated private offices, study rooms, classrooms, and a teen auditorium with a stage and game tables. The attached daycare has separate entries, a private lobby, a reception area, five classrooms with restrooms, and supporting food service space and mechanical rooms. The property includes a replaced roof and upgraded chiller/air handlers in the main building.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 1972
Construction WOOD
Total area 48,192 SF
Lot 9.03 ac (393,347 SF)
APN 45-12-17-454-007.000-030
UPID US31-0570054

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
  • Church

Location

7525 Taft St Merrillville, IN 46410-4552
Merrillville metro Census 42503 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.28M
Blend (final) Blend
$3.60M

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2024
Price N/A
2019
Price N/A
2006
Price N/A
2005
Price N/A
2005
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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