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    Property profile & analytics

    7950 Marshall St Merrillville, IN 46410-5219

    • Theaters & concert halls
    • 21,398 SF
    • 9.58 lot acres
    OFF-MARKET
    Value Estimation
    $685,000
    Location Intelligence
    Property ID
    US31-0562685
    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

    • Trinity Memorial Lutheran Church / Lutheran Church / Church
    • Family Life Center / Banquet Hall

    Property Details for 7950 Marshall St

    Year built
    1971
    Construction
    WOOD
    Lot size
    9.58 lot acres
    Property size
    21,398 SF
    Property type
    Theaters & concert halls
    APN
    45-12-20-154-029.000-030
    APU
    451220154029000030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $675,000

    • CAP approach

      CAP return
      Estimation
      6%
      $725,000
      6.5%
      $775,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $845,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $680,000
      Retail
      $775,000
      Mixed-Use
      $720,000
      Hospitality
      $785,000
      Educational
      $685,000
      Residential Income
      $670,000
      Energy
      $710,000
      Income-Based Land
      $710,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Merrillville
    County
    Lake
    State
    Indiana
    Longitude
    -87.3709
    Latitude
    41.4723
    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
    $28,733
    $620,100
    $606,200
    $1,226,300
    -
    $620,100
    $606,200
    $1,226,300

    Comparable in this City

    • Value Estimation by Request
      7,717 SF

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      5444 Harrison St, Merrillville, IN 46410-1467
      View Details
    • Value Estimation
      $910,000
      57,486 SF

      1000 80th Pl

      THEATER (MOVIE) • 57,486 SF
      1000 80th Pl, Merrillville, IN 46410-5608
      View Details
    • Value Estimation
      $335,000
      2,772 SF

      6880 Hendricks St

      THEATER (MOVIE) • 2,772 SF
      6880 Hendricks St, Merrillville, IN 46410-3739
      View Details
    • Value Estimation
      $305,000
      6,224 SF

      7430 Broadway

      THEATER (MOVIE) • 6,224 SF
      7430 Broadway, Merrillville, IN 46410-4719
      View Details
    • Value Estimation
      $275,000
      1,792 SF

      275 71st Ave

      THEATER (MOVIE) • 1,792 SF
      275 71st Ave, Merrillville, IN 46410
      View Details
    • Value Estimation by Request
      17,901 SF

      2305 73rd Ave

      THEATER (MOVIE) • 17,901 SF
      2305 73rd Ave, Merrillville, IN 46410-3728
      View Details

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    Merrillville, IN 46410-5219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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