Property profile

8000 Broadway Merrillville, IN 46410

FOR LEASE
Parking lots & garages
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Property ID
US31-0016460
0.1 ac Built 1979
Last sale Oct 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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"…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$576
Tax billed · 2023
Assessed value$25k
Assessed land$23k
Assessed improvement$2k
Effective rate2.34%

Value estimate

· Nov 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$116k
Vacancy & credit loss−$8k
Operating expenses−$38k
NOI$71k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.8
Parking Facility11.4
Electrical Service9.2

Location

8000 Broadway Merrillville, IN 46410
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5255 Cleveland, Gary, IN 46410 $60,000 Apr 2025 No data
1700 81st, Merrillville, IN 46410 $992,000 Feb 2025 6,638 SF
6349 Broadway, Merrillville, IN 46410-3005 $1,050,000 Nov 2024 11,519 SF
1710 81st, Merrillville, IN 46410-5349 $1,870,000 Jul 2024 20,142 SF
1407 Lincoln, Merrillville, IN 46410-5327 $575,000 Feb 2024 4,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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