Shopping Center

Merrillville, IN Shopping Centers for Sale

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Merrillville Retail Shopping Center
Updated: May 17
Merrillville Retail Shopping Center

6110 Broadway, Merrillville, IN 46410

Contact for pricing
184,721 sqft
Prominent location on Broadway (State Road 53) with excellent visibility and triple‑corner exposure.
Significant value‑add repositioning opportunities through re‑tenanting.
Substantial redevelopment potential as a retail‑service hub.
184,721 square foot retail center offering significant scale.
Quick access to U.S. 30 and I‑65, providing strong regional connectivity.
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Multi-Tenant Retail Shopping Center
Updated: May 4
Multi-Tenant Retail Shopping Center

7880-7896 Broadway, Merrillville, IN 46410

Contact for pricing
48,327 sqft
48,327 SF multi‑tenant retail shopping center on Broadway (SR 53) in Merrillville, IN
8.69% in‑place cap rate, with value‑add potential via lease‑up of 6,372 SF of vacant space and rent mark‑to‑market adjustments
22 executed leases with tenants in dental, wellness, beauty, food service, and specialty retail categories
Recent improvements include new TPO roofs (~2021) and new rooftop HVAC units (RTUs) across both buildings
Located on NW Indiana’s primary retail corridor with 35,000+ vehicles per day, near I‑65 and US‑30
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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 2 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Storefront Property with Commercial Zoning
Retail Storefront Property with Commercial Zoning

1025 Dixie Highway, Chicago Heights, IL 60411

$827,777
0.76 AC lot

For-sale retail storefront property in Chicago Heights with commercial zoning designated as COMMR.

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Fully Occupied Retail Center
Fully Occupied Retail Center

3300-3332 Chicago Road, South Chicago Heights, IL 60411

$5,950,000
63,148 sqft

Multi-tenant retail center in South Chicago Heights, Illinois.

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Shadow-Anchored Retail Strip Center
Shadow-Anchored Retail Strip Center

3300 Chicago Rd, South Chicago Heights, IL 60411

Contact for pricing
63,148 sqft

Strip center with Chicago Road frontage and a Jewel-Osco shadow anchor, currently 94% occupied by a tenant mix.

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Commercial Space with Expansion Potential
Commercial Space with Expansion Potential

1531 Western Avenue, Chicago Heights, IL 60411

$275,000
3.00 AC lot

Seven-unit commercial space on three acres with expansion opportunities.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Merrillville Land on US 30
Merrillville Land on US 30

5103 E Lincoln, Merrillville, IN 46410

$749,900
5.15 AC lot

5+ acres on US 30 ready for development.

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Prime Commercial Land Opportunity
Prime Commercial Land Opportunity

13500 Morse Street, Cedar Lake, IN 46303

$450,000
2.35 AC lot

2.34-acre commercial land for development in Cedar Lake, Indiana.

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Commercial Land in Cedar Lake
Commercial Land in Cedar Lake

13500 Morse Street, Cedar Lake, IN 46303

$450,000
2.35 AC lot

2.34-acre commercial development opportunity in a growing area.

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Vacant Land Ready For Development
Vacant Land Ready For Development

21587 Lincoln Highway, Lynwood, IL 60411

$260,000

Cleared land zoned B-3 with multiple development opportunities.

View details

Off-Market Properties in Merrillville, IN

Consider similar Off-Market properties in Merrillville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

6096 Broadway
WHOLESALE OUTLET, DISCOUNT STORE

6096 Broadway, Merrillville, IN 46410-2620

Value Estimation by Request
3,074 sqft 0.37 AC lot
View details
5027-5165 81st Ave
SHOPPING CENTER, STRIP CENTER

5027-5165 81st Ave, Merrillville, IN 46410

$3,400,000
Estimated value
41,831 sqft 3.36 AC lot
View details
4831 81st Ave, Unit 4941
SHOPPING CENTER, STRIP CENTER

4831 81st Ave, Merrillville, IN 46410-5841

Unit 4941
$565,000
Estimated value
18,000 sqft 1.90 AC lot
View details
92nd Ave
SHOPPING CENTER, STRIP CENTER

92nd Ave, Merrillville, IN 46410

Value Estimation by Request
17.07 AC lot
View details
303 81st Ave
SHOPPING CENTER, STRIP CENTER

303 81st Ave, Merrillville, IN 46410-5572

$5,275,000
Estimated value
18,930 sqft 1.64 AC lot
View details
5160 81st Ave, Unit 80
SHOPPING CENTER, STRIP CENTER

5160 81st Ave, Merrillville, IN 46410-5852

Unit 80
Value Estimation by Request
11,704 sqft 2.39 AC lot
View details
5190 81st Ave, Unit 5210
SHOPPING CENTER, STRIP CENTER

5190 81st Ave, Merrillville, IN 46410-5852

Unit 5210
Value Estimation by Request
11,704 sqft 2.57 AC lot
View details
851 57th Ave, Unit 57
SHOPPING CENTER, STRIP CENTER

851 57th Ave, Merrillville, IN 46410-2061

Unit 57
Value Estimation by Request
3,567 sqft 0.35 AC lot
View details
5550 Broadway
SHOPPING CENTER, STRIP CENTER

5550 Broadway, Merrillville, IN 46410-2792

Value Estimation by Request
4,000 sqft 0.40 AC lot
View details
7750 Broadway, Unit 77
SHOPPING CENTER, STRIP CENTER

7750 Broadway, Merrillville, IN 46410-4722

Unit 77
Value Estimation by Request
6,035 sqft 0.58 AC lot
View details
6063 Broadway
SHOPPING CENTER, STRIP CENTER

6063 Broadway, Merrillville, IN 46410-2619

$1,920,000
Estimated value
125,034 sqft 8.22 AC lot
View details
7890 Broadway
SHOPPING CENTER, STRIP CENTER

7890 Broadway, Merrillville, IN 46410-5539

$640,000
Estimated value
24,396 sqft 2.30 AC lot
View details
3698 80th Ln
SHOPPING CENTER, STRIP CENTER

3698 80th Ln, Merrillville, IN 46410

Value Estimation by Request
12,061 sqft 1.17 AC lot
View details
820 61st Ave, Unit 80
SHOPPING CENTER, STRIP CENTER

820 61st Ave, Merrillville, IN 46410-2407

Unit 80
Value Estimation by Request
12,800 sqft 1.83 AC lot
View details
5370 Broadway, Unit 98
SHOPPING CENTER, STRIP CENTER

5370 Broadway, Merrillville, IN 46410-1555

Unit 98
$560,000
Estimated value
24,815 sqft 2.44 AC lot
View details
5468 Broadway, Unit 76
SHOPPING CENTER, STRIP CENTER

5468 Broadway, Merrillville, IN 46410-1648

Unit 76
Value Estimation by Request
14,258 sqft 3.48 AC lot
View details
5450 Broadway, Unit 60
SHOPPING CENTER, STRIP CENTER

5450 Broadway, Merrillville, IN 46410-1648

Unit 60
Value Estimation by Request
10,468 sqft 0.24 AC lot
View details
5480 Broadway
SHOPPING CENTER, STRIP CENTER

5480 Broadway, Merrillville, IN 46410-1648

Value Estimation by Request
9,532 sqft 0.25 AC lot
View details
5400 Broadway
SHOPPING CENTER, STRIP CENTER

5400 Broadway, Merrillville, IN 46410-1648

$980,000
Estimated value
52,814 sqft 4.10 AC lot
View details
5466 Broadway
SHOPPING CENTER, STRIP CENTER

5466 Broadway, Merrillville, IN 46410-1648

Value Estimation by Request
6,386 sqft 0.14 AC lot
View details
5650 Harrison St, Unit 64
SHOPPING CENTER, STRIP CENTER

5650 Harrison St, Merrillville, IN 46410-2087

Unit 64
Value Estimation by Request
6,043 sqft 0.42 AC lot
View details
5840 Broadway
SHOPPING CENTER, STRIP CENTER

5840 Broadway, Merrillville, IN 46410-2616

Value Estimation by Request
13,166 sqft 1.16 AC lot
View details

Merrillville, IN Shopping Centers Market Trends and Statistics

Explore 60 shopping centers for sale in Merrillville, IN on our real estate platform. These investment opportunities span a total of 233,048 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Shopping centers 6
Storefront properties 5
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 $4.9M

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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