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Property profile & analytics
FOR SALE
Flex space

8474 South Colorado St Merrillville, IN 46410

37,000 SF Built 1976
Property ID
US31-Q003589
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Flex space
Year built 1976
Total area 37,000 SF
UPID US31-Q003589
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
  • Evan’s Fresh Express Trucking Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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