8001 Broadway Merrillville, IN 46410
- Office Properties & Spaces
- 48,916 SF
- 2.81 lot acres
Current Use by Public Records
- Jessica Koo / Pharmacy
- PNC ATM / Atm
- Gehrig Capital Management,Inc / Financial Advisor
- Jenkins Mobility / Production Facility
- ATM / Atm
Property Details for 8001 Broadway
- Year built
- 1992
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.81 lot acres
- Property size
- 48,916 SF
- Property type
- Office Properties & Spaces
- APN
- 45-12-22-152-001.000-030
- APU
- 451222152001000030
Description
This exceptional Class A office building, Merrillville Corporate Center, offers two available suites in a highly desirable location at 8001 Broadway, Merrillville, IN 46410. The building boasts approximately 47,148 rentable square feet, situated on a 2.81-acre lot and built in 1992. Suites range from 1,355 to 7,569 square feet, providing flexibility for various business needs. Suite 102, a prominent 2,153-2,253 square foot space, features six offices, a conference room, storage/copy room, and reception area. Suite 303 offers 2,820-3,266 square feet with five offices, a break area, two file rooms, a conference room, five cubicles, and a reception/waiting area. Both suites include upgraded finishes such as new parabolic lighting, perforated vertical blinds, and solid full-height doors. The building provides convenient amenities including two elevators and ADA-compliant bathrooms. High-speed fiber optics are available through AT&T. The building enjoys a prime location, with excellent visibility and accessibility. It's situated on the southeast corner of Broadway and 80th Place, one block east of Broadway (SR 53), one-half mile west of I-65, and only one stoplight north of US Highway 30. A 2020 INDOT traffic count showed 15,373 cars per day on Broadway north of US Highway 30. The building is also within walking distance of numerous restaurants and amenities. Triple net expenses, including heat, air conditioning, and five-day janitorial service, are estimated at $10.80 per square foot, plus an estimated $1.00 per square foot for separately metered lights and outlets (CAM @ $8.00/sf
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,039,000
Market price range: $1.24M - $3.04M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,495,000 Current use
- RETAIL STORES
- $3,715,000 Change: -17% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,650,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3347
- Latitude
- 41.4729
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA