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    Property profile & analytics
    OFF-MARKET Estimated value $620,000
    Strip malls

    7880 Broadway, Merrillville, IN 46410-5566

    24,396 SF 2.05 ac lot Built 1976
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US31-3494431
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1976
    Construction TYPE NOT SPECIFIED
    Total area 24,396 SF
    Lot 2.05 ac (89,167 SF)
    APN 45-12-21-226-027.000-030
    UPID US31-3494431
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NWI Dental Centers Dental Office
    • Ayangade Creshinda DDS Dental Office
    • Olguin De'avlin DDS Dental Office
    • GANAWAYSUPPLY Business Service Center
    • A & A Dental Center Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $695k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $549k
    Blend (final) Blend
    $620k
    Owner & transaction history
    Liberty Square Holdings LLC · 7 yrs held
    Liberty Square Holdings LLC
    since 2019
    7 recorded transactions
    2024
    2022
    2021
    2021
    2019
    2014
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.0M +43.9%
    Commercial (general) $995,000 +43.4%
    Warehouse, storage $845,000 +22.1%
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