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Property profile & analytics
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
Price N/A
2020
Price N/A
2020
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $815,000 +15.4%
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