7905 Broadway Merrillville, IN 46410-5527
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.