8695 Connecticut St Merrillville, IN 46410
Property profile & analytics
8695 Connecticut St Merrillville, IN 46410
- Medical Office Space
- 9,100 SF
- 1.39 lot acres
Property ID
US31-0652063
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Chhabra Medical Corporation / Medical Clinic
- Bionic Prosthetics & Orthotics - Clinic / Orthotics & Prosthetics Service
- Dr. Bhupindar Chhabra, MD / Physician
- Mrs. Suzanne Meeks / Physician
- Hannah Schuster / Physician
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 Office Space
- 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).
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3324
- Latitude
- 41.4607
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$12,331
$349,600
$248,200
$597,800
-
$349,600
$248,200
$597,800
