Property summary
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
VerifiedCap rate & NOI
Current use
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Corporate Office
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Gym & Fitness Center
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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