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Merrillville, IN

Strip Mall

Merrillville, IN Strip Malls for Sale

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Hammond, IN Griffith, IN Hobart, IN Highland, IN East Chicago, IN Schererville, IN Crown Point, IN Portage, IN

Retail Strip Center with Drive-Thru

Updated: Jul 3

Retail Strip Center with Drive-Thru

399 E 81st Ave, Merrillville, IN 46410

$6,059,000

18,215 sqft 1.64 AC lot

Century Plaza is a 100% fee simple interest retail strip center in Merrillville, IN, built in 2003.
18,215 SF retail center on approximately 1.64 acres, currently 100% occupied.
Anchored by Panera Bread with a dedicated drive‑thru.
Tenant roster includes nationally recognized brands such as Qdoba and Plato's Closet.
Located at the intersection of East Lincoln Highway and Broadway with combined traffic count over 87,000 vehicles per day.

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

Based on your search, we've compiled 46 Potential Opportunities for your consideration. Besides 1 Active listings in Merrillville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 39 Off-Market properties to explore as potential leads, plus 2 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.

Masonry Four-Unit Shopping Center

Masonry Four-Unit Shopping Center

629-645 E 162nd St, South Holland, IL 60473

$900,000

6,250 sqft 0.42 AC lot

In-line retail configuration with street-facing entrances, rear employee access, and a paved customer parking area.

Corner Strip Mall with Pylon Sign

Corner Strip Mall with Pylon Sign

301 W 79th Street, Chicago, IL 60620

$870,000

7,600 sqft 0.45 AC lot

C1-1 zoning and a corner position frame this existing retail property.

10-Unit Neighborhood Strip Mall

10-Unit Neighborhood Strip Mall

2501-17 W 79th St, Chicago, IL 60652

Contact for pricing

13,275 sqft

B1-zoned retail center with established tenant occupancy and one available unit.

Retail Strip Mall with Flat Roof

Retail Strip Mall with Flat Roof

601 E 170th St, South Holland, IL 60473

Contact for pricing

14,044 sqft

Well-maintained multi-tenant strip mall featuring an attractive facade, flat rubber roof, and ample visitor parking.

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.

Commercial Development Land

Commercial Development Land

19611 Crawford Avenue, Flossmoor, IL 60422

$399,800

2.53 AC lot

Commercially zoned acreage near established businesses, schools, residential neighborhoods, and commuter routes.

Corner Commercial Land

Corner Commercial Land

237 W 79th Street, Chicago, IL 60620

$130,000

0.16 AC lot

Four adjoining parcels carry a COMMR zoning designation in Chicago.

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.

5027-5165 81st Ave

SHOPPING CENTER, STRIP CENTER

5027-5165 81st Ave, Merrillville, IN 46410

Estimated value:

$3,400,000

41,831 sqft 3.36 AC lot

4831 81st Ave, Unit 4941

SHOPPING CENTER, STRIP CENTER

4831 81st Ave, Merrillville, IN 46410-5841

Unit 4941

Estimated value:

$565,000

18,000 sqft 1.90 AC lot

92nd Ave

SHOPPING CENTER, STRIP CENTER

92nd Ave, Merrillville, IN 46410

Estimated value:

$260,000

17.07 AC lot

303 81st Ave

SHOPPING CENTER, STRIP CENTER

303 81st Ave, Merrillville, IN 46410-5572

Estimated value:

$5,240,000

18,930 sqft 1.64 AC lot

5160 81st Ave, Unit 80

SHOPPING CENTER, STRIP CENTER

5160 81st Ave, Merrillville, IN 46410-5852

Unit 80

Estimated value:

$445,000

11,704 sqft 2.39 AC lot

5190 81st Ave, Unit 5210

SHOPPING CENTER, STRIP CENTER

5190 81st Ave, Merrillville, IN 46410-5852

Unit 5210

Estimated value:

$430,000

11,704 sqft 2.57 AC lot

851 57th Ave, Unit 57

SHOPPING CENTER, STRIP CENTER

851 57th Ave, Merrillville, IN 46410-2061

Unit 57

Estimated value:

$200,000

3,567 sqft 0.35 AC lot

5550 Broadway

SHOPPING CENTER, STRIP CENTER

5550 Broadway, Merrillville, IN 46410-2792

Estimated value:

$165,000

4,000 sqft 0.40 AC lot

7750 Broadway, Unit 77

SHOPPING CENTER, STRIP CENTER

7750 Broadway, Merrillville, IN 46410-4722

Unit 77

Estimated value:

$275,000

6,035 sqft 0.58 AC lot

6063 Broadway

SHOPPING CENTER, STRIP CENTER

6063 Broadway, Merrillville, IN 46410-2619

Estimated value:

$1,920,000

125,034 sqft 8.22 AC lot

7890 Broadway

SHOPPING CENTER, STRIP CENTER

7890 Broadway, Merrillville, IN 46410-5539

Estimated value:

$730,000

24,396 sqft 2.30 AC lot

3698 80th Ln

SHOPPING CENTER, STRIP CENTER

3698 80th Ln, Merrillville, IN 46410

Estimated value:

$375,000

12,061 sqft 1.17 AC lot

820 61st Ave, Unit 80

SHOPPING CENTER, STRIP CENTER

820 61st Ave, Merrillville, IN 46410-2407

Unit 80

Estimated value:

$350,000

12,800 sqft 1.83 AC lot

5370 Broadway, Unit 98

SHOPPING CENTER, STRIP CENTER

5370 Broadway, Merrillville, IN 46410-1555

Unit 98

Estimated value:

$560,000

24,815 sqft 2.44 AC lot

5468 Broadway, Unit 76

SHOPPING CENTER, STRIP CENTER

5468 Broadway, Merrillville, IN 46410-1648

Unit 76

Estimated value:

$360,000

14,258 sqft 3.48 AC lot

5450 Broadway, Unit 60

SHOPPING CENTER, STRIP CENTER

5450 Broadway, Merrillville, IN 46410-1648

Unit 60

Estimated value:

$310,000

10,468 sqft 0.24 AC lot

5480 Broadway

SHOPPING CENTER, STRIP CENTER

5480 Broadway, Merrillville, IN 46410-1648

Estimated value:

$305,000

9,532 sqft 0.25 AC lot

5400 Broadway

SHOPPING CENTER, STRIP CENTER

5400 Broadway, Merrillville, IN 46410-1648

Estimated value:

$765,000

52,814 sqft 4.10 AC lot

5466 Broadway

SHOPPING CENTER, STRIP CENTER

5466 Broadway, Merrillville, IN 46410-1648

Estimated value:

$270,000

6,386 sqft 0.14 AC lot

5650 Harrison St, Unit 64

SHOPPING CENTER, STRIP CENTER

5650 Harrison St, Merrillville, IN 46410-2087

Unit 64

Estimated value:

$275,000

6,043 sqft 0.42 AC lot

5840 Broadway

SHOPPING CENTER, STRIP CENTER

5840 Broadway, Merrillville, IN 46410-2616

Estimated value:

$485,000

13,166 sqft 1.16 AC lot

205 Lincoln Hwy

SHOPPING CENTER, STRIP CENTER

205 Lincoln Hwy, Merrillville, IN 46410

Estimated value:

$1,190,000

62,174 sqft 6.43 AC lot

7970 Broadway

SHOPPING CENTER, STRIP CENTER

7970 Broadway, Merrillville, IN 46410-5540

Estimated value:

$775,000

30,276 sqft 2.49 AC lot

Merrillville, IN Strip Malls Market Trends and Statistics

Explore 40 strip malls for sale in Merrillville, IN on our real estate platform. These investment opportunities span a total of 18,215 square feet of properties for sale, with an estimated market value of $6,059,000.

Sale prices for retail strips in Merrillville, IN average $6,059,000 — 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%

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	$6.1M

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 10,000 to 25,000 square foot range.

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