7880 Broadway Merrillville, IN 46410
- Strip malls
- 24,396 SF
- 2.05 lot acres
Current Use by Public Records
- NWI Dental Centers / Dentist / Cosmetic Dentist
- Ayangade Creshinda DDS / Dentist
- Olguin De'avlin DDS / Dentist
- GANAWAYSUPPLY / Business Development Service / Business Management Consultant
- A & A Dental Center / Dentist / Cosmetic Dentist
Property Details for 7880 Broadway
- Year built
- 1976
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.05 lot acres
- Property size
- 24,396 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 45-12-21-226-027.000-030
- APU
- 451221226027000030
Description
This single-story, 24,396 square foot building, located at 7880 Broadway in Merrillville, Indiana, offers versatile commercial space ideal for a variety of businesses. Built in 1976 and renovated in 2023, the property features four suites, with 6,097 square feet currently vacant. Individual suites range from a minimum of 1,250 square feet to a maximum contiguous space of 3,400 square feet, making it suitable for various business needs. The building enjoys a high-traffic location with 18,000 cars passing daily, ensuring excellent visibility. One available space features an inviting open area perfect for retail displays or customer seating, complemented by a private office with barn doors and convenient access to shared restrooms. This prime commercial location in Lake County (zip code 46410) presents a fantastic opportunity for businesses seeking high visibility and a well-maintained space. The property's recent renovation ensures modern amenities and a comfortable environment for both employees and customers. This is a rare opportunity to secure a well-positioned commercial space in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $885,000
- 6.5%
- $1,060,000
- 7%
- $1,025,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,015,000
- Geo Method
- $960,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $750,000
- Retail
- $835,000
- Mixed-Use
- $930,000
- Hospitality
- $1,000,000
- Educational
- $950,000
- Residential Income
- $775,000
- Energy
- $1,000,000
- Income-Based Land
- $740,000
- Food Service
- $880,000
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3368
- Latitude
- 41.4755
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
