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    Property profile & analytics
    OFF-MARKET Estimated value $3,265,000
    Warehouses

    8203 Taney Pl, Merrillville, IN 46410-5755

    17,775 SF 1.26 ac lot Built 2020
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-3129751
    Property summary
    AI-generated overview

    This exceptional light industrial building, completed in 2023, offers two available warehouse units totaling 7,908 square feet in a prime Merrillville, Indiana location. Situated on a 1.26-acre lot, the property boasts a total of 18,000 square feet, with units ranging from 3,950 to 3,958 contiguous square feet. Each unit features a combination of warehouse and office space, including a 14' x 14' overhead door for convenient loading and unloading. Unit configurations vary, with office space ranging from 400 to 2,000 square feet. The building is strategically located just one block from US 30 and 2.5 miles from the I-65 interchange, providing unparalleled access to major transportation arteries. The C-3 zoning allows for a variety of commercial uses. This location benefits from its proximity to a thriving retail corridor, featuring numerous big-box retailers, restaurants, and hotels. The property is part of the Chicago MSA, in Lake County, Indiana, and is within a short distance of the corporate headquarters of NiSource, a Fortune 500 company. This presents a unique opportunity for businesses seeking efficient, modern warehouse space in a high-traffic area. The minimum divisible space is 3,950 square feet.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2020
    Construction WOOD
    Total area 17,775 SF
    Lot 1.26 ac (54,886 SF)
    APN 45-12-20-301-019.000-030
    UPID US31-3129751
    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
    • Lifetime Creations Corporate Office
    • Iron Rails Training Facility Gym & Fitness Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.06M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.27M
    Owner & transaction history
    Hhm Properties LLC · 1 yrs held
    Hhm Properties LLC
    since 2024
    Last sale
    $3.4M
    6 recorded transactions
    2024
    2024
    $3.4M
    2023
    2023
    $3.4M
    2023
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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