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Property summary
This exceptional Class A medical office building, located at 8510-8514 Broadway in Merrillville, Indiana, presents a unique owner-user opportunity. The 14,680-square-foot, two-unit condominium building boasts a prime location, situated on a 1.08-acre lot (APN: 45-12-28-227-004.000-030) and zoned C-3. Built in 1991 with a 2005 addition, the property underwent significant exterior renovations in 2017 (handicap ramp replacement, tuckpointing, parking lot resurfacing) and a roof replacement in… 2018. Currently 100% occupied, the building features a thoughtfully designed layout ideal for various medical and professional uses. The ground floor includes reception areas, waiting rooms, exam rooms, procedure rooms, operating rooms, and ample storage. The second floor offers additional office space, a conference room, staff lounge, and laboratory. The seller is relocating and is open to a leaseback arrangement. Property taxes for 2023, payable in 2024, are $49,008.24. This exceptional property benefits from its proximity to major roadways (US Route 30 and I-65), Methodist Hospital, NiSource/NIPSCO headquarters, and numerous banks and restaurants. The asking price is $1,590,000 ($108.31/sq ft).
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 4.59 ac
- APN
- 45-12-28-226-001.000-030
- Assessed value · 2023
- $345,100
- Annual tax · 2022
- $7,209
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $7,209
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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