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Property profile & analytics
OFF-MARKET Estimated value $285,000
Medical Office Space

8691 Connecticut St Merrillville, IN 46410-6238

6,942 SF 1.11 ac lot Built 1978
Entity Owned ~ Est. High Equity
Property ID
US31-0991798
Property summary
AI-generated overview

This 7,118 square foot medical office building, part of the five-building Environ Professional Center complex, offers a prime location adjacent to Southlake Methodist Hospital in Merrillville, Indiana. The building boasts a beautiful brick exterior and is ideally suited for medical, dental, and other professional tenants. Currently, one suite is available for lease; Suite C, a 1,034 square foot space featuring two offices and a reception/waiting area. Gross rent includes real estate taxes, insurance, and common area maintenance (CAM) expenses; tenants are responsible for separately metered utilities and janitorial services. The property enjoys excellent access, situated a half-mile southwest of the I-65/US Highway 30 interchange and one block east of Broadway (SR 53), with convenient access via 86th Avenue or Southlake Methodist Hospital Drive. The complex provides 77 total parking spaces. The building is zoned C-5 and is located within a thriving medical campus environment, close to shopping, restaurants, and other amenities. Merrillville offers a desirable location with the third-lowest tax rate in Lake County. This is a fantastic opportunity for a medical practice seeking a well-located, move-in ready space.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 6,942 SF
Lot 1.11 ac (48,134 SF)
APN 45-12-27-103-005.000-030
UPID US31-0991798
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
  • Oral Surgery Group Inc Dental Office
  • Fastest Labs of Merrillville Drug Testing Service
  • Mc Mahon Robert E DDS Dental Office
  • Basel Hajjar Dental Office
  • Fatai Adisa Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k
Owner & transaction history
Rb Real Estate Solutions LLC
Rb Real Estate Solutions LLC
since 2025
7 recorded transactions
2025
$1.6M
2025
$750,000
2018
Price N/A
2018
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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