For Sale
$2,350,000

8695 Connecticut StMerrillville, IN 46410

17,220 SF Multi-Tenant Medical Building

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents two adjoining medical office buildings totaling 17,220 square feet, situated within the Environ Professional Center PUD complex in Merrillville, Indiana. The complex enjoys a prime location, directly adjacent to Southlake Methodist Hospital, offering unparalleled convenience and visibility. Both buildings feature attractive brick exteriors and updated interiors, including Pergo flooring. Recent improvements to the complex include new metal roofs, landscaping enhancements, paved areas, and a welcoming fountain at the entrance. Building 8695 (9,181 SF) has two available suites: Suite A (1,781 SF) with three offices, a waiting area, open space, and a bathroom; and Suite B (2,634 SF) featuring five exam rooms, an office, staff lounge, nurses' station, and a large open area. Two additional suites are currently leased. Building 8679 (8,039 SF) offers two available suites: Suite C (1,502 SF) with four exam rooms, an office, reception area, filing room, and bathrooms; and Suite D (1,128 SF) including an office, open area, storage, and bathrooms. One additional suite is currently leased. Gross rent includes real estate taxes, insurance, and CAM expenses; tenants pay utilities and janitorial services separately. The property benefits from excellent access to I-65/US Highway 30 interchange and is close to various amenities, including restaurants and shopping. 2023 real estate taxes for 8695 were $14,023.36 ($1.53/SF), and $11,853.36 for 8679. The asking price is $2,350,000 ($136.47/SF).

Highlights

  • $2,350,000 asking price for a 17,220 square foot medical office building in Merrillville, IN.
  • Multi-tenant property with a price per square foot of $136.47.
  • Located at 8695 & 8679 Connecticut Street, Merrillville, IN 46410, adjacent to Southlake Methodist Hospital.
  • Features renovated interiors with Pergo flooring and recent exterior improvements including new roofs and landscaping.
  • Multiple suites available for lease, ranging in size from approximately 1,128 to 2,634 square feet.

Property Details for 8695 Connecticut St

Property type
Office properties, Medical offices
Square Feet
17,220 SF

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.4608048
Longitude
-87.3322609
8695 Connecticut St, Merrillville, Indiana

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8695 Connecticut St
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