8695 Connecticut St Merrillville, IN 46410

Property Details for 8695 Connecticut St

Year built

1977

Construction

TYPE NOT SPECIFIED

Lot size

1.39 lot acres

Property size

9,100 SF

Property type

Medical offices

Property subtype

Medical centers

APN

45-12-27-128-001.000-030

APU

451227128001000030

Description

This exceptional investment opportunity presents two adjoining medical office buildings totaling 17,220 square feet, situated within the Environ Professional Center PUD complex in Merrillville, Indiana. The complex enjoys a prime location, directly adjacent to Southlake Methodist Hospital, offering unparalleled convenience and visibility. Both buildings feature attractive brick exteriors and updated interiors, including Pergo flooring. Recent improvements to the complex include new metal roofs, landscaping enhancements, paved areas, and a welcoming fountain at the entrance. Building 8695 (9,181 SF) has two available suites: Suite A (1,781 SF) with three offices, a waiting area, open space, and a bathroom; and Suite B (2,634 SF) featuring five exam rooms, an office, staff lounge, nurses' station, and a large open area. Two additional suites are currently leased. Building 8679 (8,039 SF) offers two available suites: Suite C (1,502 SF) with four exam rooms, an office, reception area, filing room, and bathrooms; and Suite D (1,128 SF) including an office, open area, storage, and bathrooms. One additional suite is currently leased. Gross rent includes real estate taxes, insurance, and CAM expenses; tenants pay utilities and janitorial services separately. The property benefits from excellent access to I-65/US Highway 30 interchange and is close to various amenities, including restaurants and shopping. 2023 real estate taxes for 8695 were $14,023.36 ($1.53/SF), and $11,853.36 for 8679. The asking price is $2,350,000 ($136.47/SF).