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Merrillville, IN

Strip Mall

Merrillville, IN Strip Malls for Sale

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Griffith, IN Hammond, 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

$6,270,000

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.

This listing looks promising.

Here's a quick look at some key insights for

399 E 81st Ave, Merrillville, IN 46410

View Property Analytics

Est. Cap Rate

2.8%
NOI ÷ price
Est. NOI

$176K
Annual
Price @ 7% Cap

$2.51M
Suggested

View Property Analytics

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.

Corner Shopping Center

Corner Shopping Center

503 W 153 Street, Phoenix, IL 60426

$1,650,000

0.53 AC lot

Fully leased commercial plaza with brick construction and central air.

Multi-Tenant Retail Center For Sale

Multi-Tenant Retail Center For Sale

18320-18336 S Kedzie Avenue, Homewood, IL 60430

Contact for pricing

12,675 sqft

12,675 SF multi-tenant retail center in Homewood, Illinois.

Retail

Retail

17860 Halsted St, Homewood, IL 60430

Contact for pricing

7,019 sqft

Strip malls · 7,019 SF

Eight-Unit Retail Plaza

Eight-Unit Retail Plaza

503 W 153 Street, Phoenix, IL 60426

Contact for pricing

Well-maintained plaza built in 2007, fully leased by five tenants with parking and strong street presence.

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 Parcel

Commercial Development Land Parcel

19611 Crawford Avenue, Flossmoor, IL 60422

$399,800

2.53 AC lot

A 2.53-acre commercial-zoned parcel suitable for neighborhood-oriented retail or service development.

Corner Lot Strip Mall Opportunity

Corner Lot Strip Mall Opportunity

237 W 79th Street, Chicago, IL 60620

$130,000

0.16 AC lot

Ideal corner location for a small strip mall or franchise.

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

$3,400,000

Estimated value

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

$565,000

Estimated value

18,000 sqft 1.90 AC lot

92nd Ave

SHOPPING CENTER, STRIP CENTER

92nd Ave, Merrillville, IN 46410

$260,000

Estimated value

17.07 AC lot

303 81st Ave

SHOPPING CENTER, STRIP CENTER

303 81st Ave, Merrillville, IN 46410-5572

$5,240,000

Estimated value

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

$445,000

Estimated value

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

$430,000

Estimated value

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

$200,000

Estimated value

3,567 sqft 0.35 AC lot

5550 Broadway

SHOPPING CENTER, STRIP CENTER

5550 Broadway, Merrillville, IN 46410-2792

$165,000

Estimated value

4,000 sqft 0.40 AC lot

7750 Broadway, Unit 77

SHOPPING CENTER, STRIP CENTER

7750 Broadway, Merrillville, IN 46410-4722

Unit 77

$275,000

Estimated value

6,035 sqft 0.58 AC lot

6063 Broadway

SHOPPING CENTER, STRIP CENTER

6063 Broadway, Merrillville, IN 46410-2619

$1,920,000

Estimated value

125,034 sqft 8.22 AC lot

7890 Broadway

SHOPPING CENTER, STRIP CENTER

7890 Broadway, Merrillville, IN 46410-5539

$730,000

Estimated value

24,396 sqft 2.30 AC lot

3698 80th Ln

SHOPPING CENTER, STRIP CENTER

3698 80th Ln, Merrillville, IN 46410

$375,000

Estimated value

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

$350,000

Estimated value

12,800 sqft 1.83 AC lot

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

5468 Broadway, Unit 76

SHOPPING CENTER, STRIP CENTER

5468 Broadway, Merrillville, IN 46410-1648

Unit 76

$360,000

Estimated value

14,258 sqft 3.48 AC lot

5450 Broadway, Unit 60

SHOPPING CENTER, STRIP CENTER

5450 Broadway, Merrillville, IN 46410-1648

Unit 60

$310,000

Estimated value

10,468 sqft 0.24 AC lot

5480 Broadway

SHOPPING CENTER, STRIP CENTER

5480 Broadway, Merrillville, IN 46410-1648

$305,000

Estimated value

9,532 sqft 0.25 AC lot

5400 Broadway

SHOPPING CENTER, STRIP CENTER

5400 Broadway, Merrillville, IN 46410-1648

$765,000

Estimated value

52,814 sqft 4.10 AC lot

5466 Broadway

SHOPPING CENTER, STRIP CENTER

5466 Broadway, Merrillville, IN 46410-1648

$270,000

Estimated value

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

$275,000

Estimated value

6,043 sqft 0.42 AC lot

5840 Broadway

SHOPPING CENTER, STRIP CENTER

5840 Broadway, Merrillville, IN 46410-2616

$485,000

Estimated value

13,166 sqft 1.16 AC lot

205 Lincoln Hwy

SHOPPING CENTER, STRIP CENTER

205 Lincoln Hwy, Merrillville, IN 46410

$1,190,000

Estimated value

62,174 sqft 6.43 AC lot

7970 Broadway

SHOPPING CENTER, STRIP CENTER

7970 Broadway, Merrillville, IN 46410-5540

$775,000

Estimated value

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 $6,270,000.

Sale prices for retail strips in Merrillville, IN average $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

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	$6.3M

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

Office

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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