7905 Broadway Merrillville, IN 46410-5527
- Specialty properties
- 12,888 SF
- 3.61 lot acres
Oct 21, 2022
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
-
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
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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