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Property profile & analytics

7905 Broadway Merrillville, IN 46410-5527

  • Specialty properties
  • 12,888 SF
  • 3.61 lot acres
OFF-MARKET
Last Sale
Oct 21, 2022
$1,125,000
Value Estimations
$1,060,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0855814
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Specialty properties

Property Details for 7905 Broadway

Year built
1972
Construction
TYPE NOT SPECIFIED
Lot size
3.61 lot acres
Property size
12,888 SF
Property type
Specialty properties
APN
45-12-22-151-001.000-030
APU
451222151001000030

Description

Pirates Plaza, located at 7905 Broadway in Merrillville, Indiana (zip code 46410), offers exceptional office space opportunities. This Class B property totals 19,600 square feet and currently has 10,700 square feet available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,100 square feet to a maximum contiguous space of 5,100 square feet. The property is ideally situated at a signalized intersection of Broadway (IN SR 53) and E 80th Place, boasting high visibility to over 16,000 vehicles daily. Its strategic location offers easy access to US Hwy 30 and Interstate 65 (Exit 253), providing convenient access to Merrillville, Valparaiso, and Schererville. Furthermore, Pirates Plaza benefits from its proximity to Southlake Mall (1 mile southwest) and Merrillville high schools (2 miles north). The surrounding area boasts a strong demographic profile, with over 144,000 households within a 10-mile radius and consumer spending exceeding $4.345 billion in 2022. This 3.5-acre development is further enhanced by a planned 12,000 square foot Indiana State office building, scheduled to break ground in 2023, which will increase foot traffic and visibility. Outlots are available for sale or ground lease, with build-to-suit options also considered. This presents a unique opportunity for businesses seeking a prominent location in a thriving community, just 45 minutes from Chicago.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,060,000
    ML approach
    $1,090,000
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $900,000
    APARTMENT HOUSE (5+ UNITS)
    $745,000
    AUTO REPAIR, GARAGE
    $705,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Merrillville
County
Lake
State
Indiana
Longitude
-87.3351
Latitude
41.474
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,152
$502,700
$395,200
$897,900
-
$502,700
$395,200
$897,900
More about this property
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