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    Walgreens Corporate Guaranteed Investment
    Updated: Apr 9, 2025
    Walgreens Corporate Guaranteed Investment

    1601 W 25th Ave, Gary, IN

    $3,670,000
    14,820 sqft · 2.31 AC lot
    Corporate guarantee from Walgreens Boots Alliance, a top 10 US retailer with $139B+ annual revenue.
    Robust sales performance consistently above the national average for Walgreens.
    Located next to Interstate‑94, with high traffic counts of 178,595 vehicles per day.
    Proximity to Gary/Chicago International Airport (15‑minute drive).
    Walgreens specializes in filling prescriptions, health and wellness products, health information, and photo services.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1601 W 25th Ave, Gary, IN

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $290K
      Annual

    • Mortgage

      $43.53M
      Dec 2014

    • Property Type

      Retail Stores
      Built 2006
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    Versatile Commercial Building with Open Layout
    Updated: Jun 18
    Versatile Commercial Building with Open Layout

    2535 Garfield Street, Gary, IN 46404

    $650,000
    9,360 sqft · 1.13 AC lot
    Approximately 9,360 SF of versatile commercial space for office, retail, warehouse, or service uses
    Open and adaptable layout with high ceilings and an open floorplan
    Natural gas forced‑air heating with a gas water heater
    Public water and public sewer services
    Private yard and exterior lighting included
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    1920s Commercial Building with Service Space
    1920s Commercial Building with Service Space

    4007 Broadway, Gary, IN 46409

    $175,000
    2,160 sqft · 0.17 AC lot

    A 1920s-era commercial building at 4007 Broadway offering flexible space for service, retail, or office conversion.

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    Turn-Key Pub with Owner Apartment
    Turn-Key Pub with Owner Apartment

    2808 Dekalb Street, Lake Station, IN 46405

    $200,000
    3,894 sqft · 0.22 AC lot

    Turn-key pub sale includes liquor, gaming, and tobacco licenses plus a 1-bedroom owner unit.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mechanic Shop with Paint Booth
    Mechanic Shop with Paint Booth

    1134 Virginia Street, Gary, IN 46407

    $195,000
    4,560 sqft · 0.17 AC lot

    Auto repair setup with office space and installed car lifts, suited for industrial automotive uses.

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    Commercial Development Parcel in TOD
    Commercial Development Parcel in TOD

    614 S Lake Street, Gary, IN 46403

    $263,000
    5,600 sqft · 0.07 AC lot

    Small commercial parcel offered for mixed-use or retail concepts within a transit-oriented development zone.

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    Industrial Building with Showroom
    Industrial Building with Showroom

    5200 Cleveland Street, Gary, IN 46410

    $1,400,000
    12,400 sqft · 2.15 AC lot

    12,400 SF industrial building with showroom and fenced lot.

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    Retail Strip Center with Drive-Thru
    Retail Strip Center with Drive-Thru

    399 E 81st Ave, Merrillville, IN 46410

    $6,270,000
    18,215 sqft · 1.64 AC lot

    Fee-simple retail strip center anchored by Panera Bread with a dedicated drive-thru at a high-traffic intersection.

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    Prime Commercial Corner Lot
    Prime Commercial Corner Lot

    7900 Grant Street, Merrillville, IN 46410

    $459,900
    2.26 AC lot

    2.2-acre corner lot zoned C-3 in Merrillville, Indiana.

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    Commercial Garage Near I-80/94
    Commercial Garage Near I-80/94

    2241 Hamlin Street, Gary, IN 46406

    $560,000
    5,262 sqft · 3.41 AC lot

    3.41 acre site with 5,262 SF building near I-80/94.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    3433-39 Grant Street, Gary, IN 46408

    $480,000
    0.62 AC lot

    0.62 acres B-3 zoned land in high-traffic area.

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    Merrillville Development Site For Sale
    Merrillville Development Site For Sale

    555 E 84th Drive, Merrillville, IN 46410

    $375,000
    2.84 AC lot

    2.84 acre development site near U.S. 30 and Broadway.

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    Commercial Space Near Miller Beach
    Commercial Space Near Miller Beach

    912-18 Aetna Street, Gary, IN 46403

    $50,000
    2,003 sqft · 0.09 AC lot

    Affordable commercial space near Miller Beach and South Shore station.

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    Retail/Office Space with Renovation Needs
    Retail/Office Space with Renovation Needs

    508 S Lake Street, Gary, IN 46403

    $89,900
    720 sqft · 0.06 AC lot

    Compact retail/office property for sale, offered at a price reflecting needed updates and customization flexibility.

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    Retail Space in Merrillville
    Retail Space in Merrillville

    700 East 81st Avenue, Merrillville, IN 46410

    $1,290,000

    Retail space available for sale in Merrillville, Indiana.

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    Restaurant with Drive-Thru Window
    Restaurant with Drive-Thru Window

    1441 E 82nd Ave, Merrillville, IN

    Contact for pricing
    3,298 sqft · 1.12 AC lot

    Restaurant with drive-thru, high visibility, repurposing opportunity.

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    Merrillville Retail Shopping Center
    Merrillville Retail Shopping Center

    6110 Broadway, Merrillville, IN 46410

    $4,900,000
    184,721 sqft

    Multi-tenant retail center with value-add repositioning opportunities.

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    Single-Tenant Cracker Barrel Investment Opportunity
    Single-Tenant Cracker Barrel Investment Opportunity

    6200 Opportunity Ln, Merrillville, IN

    Contact for pricing
    8,327 sqft · 3.04 AC lot

    NNN leased Cracker Barrel with 15 years remaining near Chicago.

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    Lake Station Redevelopment Opportunity
    Lake Station Redevelopment Opportunity

    4301 Central Ave, Lake Station, IN 46405

    Contact for pricing
    9,000 sqft

    Former gas station with convenience store and car wash.

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    Merrillville Retail Space For Sale
    Merrillville Retail Space For Sale

    8205 Broadway, Merrillville, IN 46410

    $3,289,000
    20,389 sqft

    20,389 SqFt retail space in Merrillville, Indiana. 7.50% CAP.

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    Prime Land Near Hard Rock Casino
    Prime Land Near Hard Rock Casino

    4297 W 29th Ave, Gary, IN 46404

    Contact for pricing
    75.21 AC lot

    75+ acres near I-80/94 and Hard Rock Casino.

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    Lake Station Retail Opportunity
    Lake Station Retail Opportunity

    2626 Central Ave, Lake Station, IN

    $723,172
    10,920 sqft · 1.23 AC lot

    Retail property for sale in Lake Station, Indiana.

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    Central Avenue Office Building For Sale
    Central Avenue Office Building For Sale

    3799 Central Avenue, Lake Station, IN 46405

    $99,900

    Office building with private offices, parking, and included vacant lot.

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    Lake Station Parking Lot
    Lake Station Parking Lot

    2626 Central Ave, Lake Station, IN 46405

    Contact for pricing

    Parking lot replaced in 2022, three new HVAC units.

    View details

    Merrillville, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Merrillville, IN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 295,024 square feet of properties for sale, with an estimated market value of $22,435,072.

    Sale prices for stores in Merrillville, IN start at $50,000, averaging $1,602,505, and reaching up to $6,270,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 10
    Storefront properties 2
    Auto shops 1
    Automotive properties 1
    Banks 1

    Demographics Overview

    Population 39K
    Population Growth (5Y) +2.0%
    Median Household Income $61,735
    College Educated 16.4%

    High-Yield Neighborhoods for Investment

    Identify Merrillville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46410 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $33.26 per SF
    Tax Rate vs County Average 0.75 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lake County

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Merrillville fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Merrillville, IN

    • 46410
    • 46405
    • 46403
    • 46404
    • 46408
    • 46406
    • 46407
    • 46409

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