521 86Th AveMerrillville, IN 46410

This single-story, 32,792 square foot office building in Merrillville, Indiana, presents a compelling value-add investment opportunity. Located on a 2.83-acre lot at 521 E 86th Ave, this Class B property boasts 14 units, currently at 58% occupancy. Built in 1979 and renovated in 1985, the building offers a mix of executive and medical office suites, catering to diverse tenant needs. Features include private entries, restrooms, kitchenettes, conference rooms, co-working space, and ample parking (138 spaces) with monumental signage. The property is offered at $2,399,000, translating to $73.16 per square foot. The Net Net Net (NNN) lease structure and multi-tenant occupancy provide a solid foundation for income generation. The property's location in Lake County, Indiana, benefits from low property taxes ($1.41/SF). This is an ideal opportunity for an owner-user, medical/dental professional, executive office user, or investor seeking a property priced below replacement cost. The building's layout allows for various office configurations, accommodating a range of tenant sizes and uses. The substantial lot size offers potential for future expansion or development. The property's address is 521 E 86th Ave, Merrillville, IN 46410. The Assessor's Parcel Number (APN) is 45-12-27-103-003.000-030.