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    Merrillville, IN
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    Merrillville, IN Specialty Properties for Sale

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    16 properties
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    School Building With Outbuilding
    Updated: Mar 2
    School Building With Outbuilding

    2460 Vermillion Street, Lake Station, IN 46405

    $995,000
    37,624 sqft 4.44 AC lot
    37,624‑square‑foot one‑story main building
    Separate 6,960‑square‑foot outbuilding
    4.44‑acre property at 2460 Vermillion Street
    Current tenant is the Boys and Girls Club
    Public water and public sewer service
    View details
    Walgreens Absolute NNN Property
    Updated: Jun 2
    Walgreens Absolute NNN Property

    2500 Grant Street, Gary, IN 46404

    $2,818,740
    14,820 sqft
    14,820‑square‑foot Walgreens property
    Absolute NNN lease structure
    More than 6.5 years remaining on the lease
    Tenant covers taxes, insurance, maintenance, and repairs
    Tenant responsible for roof and structural components
    View details
    Turnkey School/Special Purpose Building
    Turnkey School/Special Purpose Building

    1150 W 49th Ave, Gary, IN 46408

    $499,000
    11,553 sqft 12.00 AC lot

    Operational 11,553 SF building on 12+ acres in Gary.

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    See hot listings in Merrillville

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Church Facility with Banquet Space
    Church Facility with Banquet Space

    525 W 11th Ave, Gary, IN 46402

    $195,000
    7,400 sqft

    Flexible commercial facility with worship, meeting, and rear banquet areas requiring cosmetic updates.

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    Two-Tenant Medical Center
    Two-Tenant Medical Center

    4802 N. Broadway, Gary, IN 46408

    Contact for pricing
    13,125 sqft

    Two-suite healthcare property with established occupancy and additional leasable space.

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    Specialty Commercial Building
    Specialty Commercial Building

    912-18 Aetna St, Gary, IN 46403

    $42,000
    2,003 sqft

    Affordable specialty building near the South Shore train station, positioned just off Dunes Highway.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Specialty Property
    Specialty Property

    731 E 41st Ave, Gary, IN 46409

    $54,900
    3,822 sqft

    Specialty property with a 1947 construction date.

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    Three-Story Church Facility
    Three-Story Church Facility

    4410 CENTRAL AVE, Lake Station, IN 46405

    Contact for pricing
    17,505 sqft 0.65 AC lot

    Religious facility with an on-site daycare, event space, kitchen, and recent building upgrades.

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    Dollar General NNN Investment
    Dollar General NNN Investment

    9269 West Taft Street, Merrillville, IN 46410

    $1,020,450

    For sale NN Dollar General investment with a specialty NNN structure and corporate-backed tenant in Merrillville, Indiana.

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    Specialty Commercial Property
    Specialty Commercial Property

    722 E Ridge Rd, Gary, IN 46409

    $50,000
    1,040 sqft

    For-sale specialty commercial property in Gary, Indiana, with zoning requiring verification for permitted business use.

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    Former Restaurant Space Available
    Former Restaurant Space Available

    1441 e 82nd Ave, Merrillville, IN 46410

    Contact for pricing
    3,298 sqft

    Former restaurant space in Northwest Indiana with highway access.

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    Church Building
    Church Building

    262 Gerry St, Gary, IN 46406

    Contact for pricing
    6,680 sqft

    Existing facility with a cleaned interior and restoration work remaining.

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    Raw Land Zoned B-5
    Raw Land Zoned B-5

    3800 W 5th Ave, Gary, IN 46406

    Contact for pricing
    7.35 AC lot

    Undeveloped raw land totaling about 7.35 acres, zoned B-5 for commercial and industrial-adjacent uses.

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    Residential Land Lot
    Residential Land Lot

    349 Hamlin St, Gary, IN 46406

    Contact for pricing

    Residential lot for sale with utilities nearby and close access to major road connections.

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    Residential Land Lots
    Residential Land Lots

    725 W 7th Ave, Gary, IN 46402

    Contact for pricing

    Four residential lots are being offered for sale at a single property offering.

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    Three-Parcel Land Portfolio
    Three-Parcel Land Portfolio

    1152 Hovey St, Gary, IN 46406

    Contact for pricing

    For sale investor portfolio of three residential land lots at 1152 Hovey Street, Gary, IN 46406.

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    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 16 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 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.

    Historic Wedding Venue
    Historic Wedding Venue

    101 E Main Street, Griffith, IN 46319

    $769,000
    2,750 sqft 0.08 AC lot

    An outdoor event area complements the building’s banquet and gathering space.

    View details
    Street Retail Building with Parking
    Street Retail Building with Parking

    1500 West 37th Avenue, Hobart, IN 46342

    $495,000
    2,400 sqft

    Retail building with a drive-in door, adjacent gravel lot option, and 18 paved parking spaces.

    View details
    Turnkey Restaurant & Event Venue
    Turnkey Restaurant & Event Venue

    840 S Broad St, Griffith, IN 46319

    $999,970
    1.60 AC lot

    Fully renovated restaurant with event-ready patio in prime location.

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    Specialty Property
    Specialty Property

    3709 West 37th Avenue, Hobart, IN 46342

    Contact for pricing

    Existing commercial improvements date to 1930, offering an established physical asset for specialty use consideration.

    View details

    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.

    Wooded Recreation Land
    Wooded Recreation Land

    4302 Oak Avenue, Hammond, IN 46327

    $125,000
    2.17 AC lot

    Two wooded parcels with public water and sewer near the Toll Road, US 41, Calumet Avenue, and Wolf Lake Park.

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    C-2 Commercial Land
    C-2 Commercial Land

    6889 E 109th Avenue, Crown Point, IN 46307

    $284,989
    1.32 AC lot

    C-2 zoning supports a range of commercial uses, with public water and sewer serving the site.

    View details
    Land in Tinley Park, IL
    Land in Tinley Park, IL

    16750 Harlem Avenue, Tinley Park, IL 60477

    $579,000
    1.01 AC lot

    Commercial land available for sale in Tinley Park, Illinois.

    View details
    B2-Zoned Commercial Land
    B2-Zoned Commercial Land

    S Woodland Avenue, Michigan City, IN 46360

    $299,000
    17.53 AC lot

    Flat, out-of-floodplain site with public water, sewer, electric, and gas at the property.

    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.

    7905 Broadway
    FUNERAL HOME

    7905 Broadway, Merrillville, IN 46410-5527

    Estimated value:
    $1,060,000
    12,888 sqft 3.61 AC lot
    View details
    6360 Broadway
    FUNERAL HOME

    6360 Broadway, Merrillville, IN 46410-3006

    Estimated value:
    $820,000
    14,051 sqft 2.71 AC lot
    View details
    6490 Broadway
    CHARITABLE ORGANIZATION

    6490 Broadway, Merrillville, IN 46410-3008

    Estimated value:
    $250,000
    0.58 AC lot
    View details
    3889 74th Ct
    CHARITABLE ORGANIZATION

    3889 74th Ct, Merrillville, IN 46410-4306

    Estimated value:
    $240,000
    0.27 AC lot
    View details
    8400 Georgia St
    COLLEGE, UNIVERSITY, VOC SCHOOL

    8400 Georgia St, Merrillville, IN 46410

    Estimated value:
    $290,000
    1.40 AC lot
    View details
    7535 Taft St
    FUNERAL HOME

    7535 Taft St, Merrillville, IN 46410-4552

    Estimated value:
    $420,000
    13,631 sqft 6.00 AC lot
    View details
    1995 Southlake Mall
    Distribution properties

    1995 Southlake Mall, Merrillville, IN 46410

    Estimated value: by Request
    144,122 sqft 11.00 AC lot
    View details
    7900 Grant St
    CHARITABLE ORGANIZATION

    7900 Grant St, Merrillville, IN 46410-8536

    Estimated value:
    $240,000
    0.07 AC lot
    View details

    Merrillville, IN Specialty Properties Market Trends and Statistics

    Explore 27 specialty properties for sale in Merrillville, IN, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 118,870 square feet of properties for sale, with an estimated market value of $5,675,090.

    Sale prices for properties in Merrillville, IN start at $42,000, averaging $709,386, and reaching up to $2,818,740 — 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

    NNN properties 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 $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)

    Property Size Breakdown

    The majority of commercial real estate listings in Merrillville fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Browse Specialty properties for Sale Near Merrillville, IN

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    Most Searched ZIP Codes in Merrillville, IN

    • 46406
    • 46402
    • 46405
    • 46408
    • 46409
    • 46410
    • 46403
    • 46404
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