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Property profile

8203 Taney Pl Merrillville, IN 46410

OFF-MARKET
Warehouses
Property ID
US31-3129751
View Sample
17,775 SF 1.26 ac lot Built 2020
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity

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

Current use

Occupant on record · Public records
  • Corporate Office
  • 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
$3.30M

Owner & transaction history

since 2024
Last sale
$3.4M
6 recorded transactions
2024
Price N/A
2024
$3.4M
2023
Price N/A
2023
$3.4M
2023
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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