8691 Connecticut St, Merrillville, IN 46410-6238
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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