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Property profile & analytics
OFF-MARKET Estimated value $1,100,000
Specialty properties

7905 Broadway Merrillville, IN 46410-5527

12,888 SF 3.61 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-0855814
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 12,888 SF
Lot 3.61 ac (157,208 SF)
APN 45-12-22-151-001.000-030
UPID US31-0855814
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M
Owner & transaction history
Stampd Development LLC · 3 yrs held
Stampd Development LLC
since 2022
Last sale
$1.1M
7 recorded transactions
2025
Price N/A
2022
$1.1M
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $900,000 +87.1%
Apartment house (5+ units) $745,000 +54.9%
Auto repair, garage $705,000 +47.1%
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