8474 South Colorado St Merrillville, IN 46410
For Sale
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37,000 square feet of M1-zoned flex industrial on 1.82 acres in Merrillville's established industrial corridor. Built in 1967 and currently vacant, the building is positioned for an owner-user or operator who wants to take occupancy and configure the space to their own specs without working around an existing tenancy. The M1 zoning supports a range of light industrial uses — warehousing, distribution, contractor operations, light manufacturing, or a multi-tenant flex conversion depending on the layout. At 37,000 SF on under two acres, the building-to-land ratio leaves room to evaluate outdoor storage, yard space, or additional parking depending on the end use. The property sits within the Merrillville industrial market in Lake County, with access to the broader I-65 and US-30 corridors that connect northwest Indiana to Chicago and regional distribution networks. Tours are available by appointment — contact the listing broker to schedule.
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Evan’s Fresh Express Trucking Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.