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    OFF-MARKET Estimated value $560,000
    Medical Office Space

    8300 Broadway, Merrillville, IN 46410-8602

    17,255 SF 1.21 ac lot Built 1978
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US31-0046948
    Property summary
    AI-generated overview

    This exceptional 2,164 square-foot medical office suite, located at 8300 Broadway in Merrillville, Indiana, 46410, is available for lease. Situated within a Class B, two-story building totaling 17,412 square feet, this single-tenant space underwent a complete renovation in 2020. The suite boasts desirable features including a well-equipped kitchen/breakroom, ample storage, a private restroom, and two medical exam rooms plus a dedicated lab area. The building offers 87 parking spaces, ensuring convenient access for patients and staff. Recent building improvements include modernized restrooms, new hallway flooring, updated office suites with fresh paint and flooring, and energy-efficient LED lighting for enhanced visibility. The HVAC system has been recently replaced, guaranteeing a comfortable climate year-round. Furthermore, a new pylon sign has been installed to increase street presence. The property sits on a 1.21-acre lot and was originally constructed in 1978. This is an ideal opportunity for medical professionals seeking a modern, well-maintained space in a convenient location. The building is zoned for executive and medical office use. Currently, 2,164 square feet are vacant within the building's total 17,412 square feet.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1978
    Construction TYPE NOT SPECIFIED
    Total area 17,255 SF
    Lot 1.21 ac (52,664 SF)
    APN 45-12-21-476-005.000-030
    UPID US31-0046948
    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
    • Maddox Jane C Pediatrician Physician
    • Bartosh Steven A DDS Dental Office
    • Life At Home Senior Care, LLC Home Health Care Service
    • Aspire Home Care Inc Home Health Care Service
    • Kimberly Travis, LCSW Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $360k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $759k
    Blend (final) Blend
    $560k
    Owner & transaction history
    Friends And Family Members LLC · 3 yrs held
    Friends And Family Members LLC
    since 2023
    7 recorded transactions
    2023
    2020
    2020
    2007
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $815,000 +15.4%
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