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Property profile

8500 Broadway Merrillville, IN 46410

OFF-MARKET
Medical Office Space
Property ID
US31-3456038
12,360 SF 1.36 ac lot Built 1977
Last sale Aug 2008
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This one-story Class B mixed-use commercial building contains approximately 12,300 SF of net rentable area on a roughly 1.36-acre parcel. Built in 1975 with renovations or reconstruction reported circa 1995, the space includes unfinished ceiling heights of approximately 14 feet. The interior is configured to support either single-tenant occupancy or division into modules of approximately 3,000 SF, suitable for medical, dental, wellness, and professional office uses (including legal and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value · 2023$823k
Assessed land$396k
Assessed improvement$427k
Effective rate2.01%

Value estimate

· Oct 2026
$380k
$342k – $418k
AI approach$395k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.6
Electrical Service10.4
HVAC Service9.3

Location

8500 Broadway Merrillville, IN 46410-7055
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 61st, Merrillville, IN 46410-2512 $199,000 Jan 2023 2,297 SF
9223 Taft, Merrillville, IN 46410-6911 $2,037,309 Oct 2019 6,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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