7725 Broadway Merrillville, IN 46410
- Office Properties & Spaces
- 14,032 SF
- 1.17 lot acres
Current Use by Public Records
- Tuttle Baseball club / Gym & Fitness Center / Sports School
- Catholic Youth Organization / Child Welfare Organization / Charitable Organization
- Merrillville Hearing Aid Center / Medical Clinic
- ANGELS HOME CARE SERVICES LLC / Home Health Care Service
- Bergner Joyce / Employment Agency
Property Details for 7725 Broadway
- Year built
- 1977
- Construction
- WOOD
- Lot size
- 1.17 lot acres
- Property size
- 14,032 SF
- Property type
- Office Properties & Spaces
- APN
- 45-12-22-101-002.000-030
- APU
- 451222101002000030
Description
This single-story, 16,000-square-foot Class B office building, located at 7725 Broadway in Merrillville, Indiana (46410), offers a versatile space ideal for various professional uses. Currently housing tenants including Midwest Neurology, Community Home Health Care, Broadway Dental, and Big Brothers Big Sisters of Metropolitan Chicago, this property boasts one available suite (Suite I/J), previously occupied by a law office. This suite comprises approximately 3,629 square feet and features a spacious reception/waiting area, five private offices, a conference room, kitchenette, storage closet, mechanical room, and two bathrooms. The building sits on a 1.5-acre lot at a stoplight intersection, ensuring high visibility and accessibility. Ample parking is available for tenants and visitors. Recent improvements (2023) include a new roof, landscaping, shutters, lighting and ceiling upgrades in Suite E/F, and a new asphalt parking lot. The property benefits from a high traffic count (15,998 cars/day in 2022, per INDOT) and a convenient location, just three blocks north of Route 30, and within minutes of Southlake Mall, Methodist Hospital, numerous shopping and dining options, and banking facilities. The Merrillville municipal offices and police department are directly across Broadway. The building is zoned Community Commercial and features a total of one building with one story. The building was constructed in 1979 and has an APN of 45-12-22-101-002.000-030. This location is within two miles of a six million square foot retail trade area centered around Southlake Mall, providing significant foot traffic and market exposure.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,516,000
Market price range: $723k - $1.86M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,290,000 Current use
- RETAIL STORES
- $1,065,000 Change: -17% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,045,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3353
- Latitude
- 41.4775
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA