Merrillville, IN Specialty Properties for Sale

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34 properties

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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

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Updated: Jul 22

Commercial Specialty Building

2553 W 11th Avenue, Gary, IN 46404

$59,000

800 sqft 0.14 AC lot

Forced‑air heating
Public water and public sewer
Off‑street parking
Private yard
Building year built: 1956

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Specialty Commercial Building

912-18 Aetna Street, Gary, IN 46403

$42,000

2,003 sqft 0.09 AC lot

Specialty commercial building with on-street parking, built in 1917 near the Miller Beach area and the South Shore train station.

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One-Story School Property

2460 Vermillion St, Lake Station, IN 46405

$995,000

37,624 sqft 4.40 AC lot

Former school campus with an accessory building occupied by the Boys and Girls Club.

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Commercial Specialty Property

722 E Ridge Road, Gary, IN 46409

$50,000

1,040 sqft 0.12 AC lot

Specialty commercial property for sale on Ridge Road in Gary, IN; zoning must be verified for allowable uses.

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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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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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Dollar General NNN Investment

9269 West Taft Street, Merrillville, IN 46410

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9,014 sqft

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

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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

4410 CENTRAL AVE, Lake Station, IN 46405

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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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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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Three-Parcel Land Portfolio

1152 Hovey Street, Gary, IN 46406

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14,985 sqft

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

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Church Building

262 Gerry St, Gary, IN 46406

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6,680 sqft

Existing facility with a cleaned interior and restoration work remaining.

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Industrial Specialty Building

2701 W. 45th Street, Gary, IN 46408

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18,000 sqft

Industrial property offered for sale with approximately 18,000 SF of space.

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Raw Land Zoned B-5

3800 W 5th Ave, Gary, IN 46406

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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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Specialty Land Parcel

1431 E 79th Ave, Merrillville, IN 46410

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0.45 AC lot

Specialty land parcel offering approximately 0.45 acres for future commercial development.

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Specialty Commercial Building

912-18 Aetna Street, Gary, IN 46403

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

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Church Property with Fellowship Hall

4353-63 Massachusetts Street, Gary, IN 46409

$205,000

Updated religious facility with sanctuary, offices, classroom, fellowship hall, and paved parking.

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Commercial Land Parcel

4530 W. Lincoln Hwy, Merrillville, IN 46410

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16.11 AC lot

Commercial land offering approximately 16.11 acres, available for sale.

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Residential Land Lots

725 W 7th Ave, Gary, IN 46402

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

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Mobility Works Specialty Property

1710 W Lincoln Hwy, Merrillville, IN 46410

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Specialty property in Merrillville, within the Chicago metropolitan area and near the Cook County tax line.

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Specialty Land Parcel

2348 Gerry St, Gary, IN 46406

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For sale as a specialty land parcel at 2348 Gerry St, Gary, Indiana.

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Specialty Land Parcel

2332 Gerry St, Gary, IN 46406

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For-sale land parcel positioned within about five minutes of Hard Rock Casino.

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Church Redevelopment Corner Lot

6807 W 25th Ave, Gary, IN 46406

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For-sale property on a prime corner lot exceeding one acre, previously used as a church site.

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Merrillville, IN Specialty Properties Market Trends and Statistics

Explore 45 specialty properties for sale in Merrillville, IN, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 172,388 square feet of properties for sale, with an estimated market value of $3,144,900.

Sale prices for properties in Merrillville, IN start at $42,000, averaging $314,490, and reaching up to $995,000 — 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

Demographics Overview

Population 39K

Population Growth (5Y) +2.0%

Median Household Income $61,735

College Educated 16.4%

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

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Property Size Breakdown

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

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