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Property profile & analytics
OFF-MARKET
Parking lots & garages

8000 Broadway Merrillville, IN 46410-5525

0.1 ac lot Built 1979
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0016460
Property summary
AI-generated overview

This exceptional 31,287-square-foot freestanding retail building is situated on a highly visible 2.14-acre lot in Merrillville, Indiana, at 8000 Broadway. Its prime location offers excellent visibility from US Highway 30 and benefits from the presence of numerous big-box national retailers in the immediate vicinity, including Costco, Lowe's, Walmart, and Best Buy. The steel-framed, concrete masonry structure boasts a spacious 18,000+ square-foot retail showroom featuring impressive 12'6" ceilings, ideal for showcasing merchandise. An adjacent 13,287-square-foot warehouse provides ample storage and operational space, complete with three loading docks and a 3,000-square-foot office area. Ceiling heights in the warehouse range from 20 feet in the shipping area to 30 feet, offering flexibility for various uses. The property also features a robust 600-amp, 240-volt, 3-phase electrical system. With 70 parking spaces available, this property is perfectly suited for a variety of retail or flexible business uses. The entire 31,287 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence in this thriving retail corridor. Located in Lake County, Indiana, with a zip code of 46410, this property offers unparalleled potential for growth and success.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1979
Lot 0.1 ac (4,530 SF)
APN 45-12-21-279-005.000-030
UPID US31-0016460
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
Current use
Occupant on record · Public records
  • ABC Fire & Burglar Alarm Co Security Service
Value estimations
Realmo proprietary · 4 methods
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by Request
Owner & transaction history
Broadway 8000 LLC · 1 yrs held
Broadway 8000 LLC
since 2024
5 recorded transactions
2024
Price N/A
2019
Price N/A
2018
Price N/A
2012
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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