For Sale
$1,590,000

8510 BroadwayMerrillville, IN 46410

Class A Medical Office, 14,680 SF

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional Class A medical office building, located at 8510-8514 Broadway in Merrillville, Indiana, presents a unique owner-user opportunity. The 14,680-square-foot, two-unit condominium building boasts a prime location, situated on a 1.08-acre lot (APN: 45-12-28-227-004.000-030) and zoned C-3. Built in 1991 with a 2005 addition, the property underwent significant exterior renovations in 2017 (handicap ramp replacement, tuckpointing, parking lot resurfacing) and a roof replacement in 2018. Currently 100% occupied, the building features a thoughtfully designed layout ideal for various medical and professional uses. The ground floor includes reception areas, waiting rooms, exam rooms, procedure rooms, operating rooms, and ample storage. The second floor offers additional office space, a conference room, staff lounge, and laboratory. The seller is relocating and is open to a leaseback arrangement. Property taxes for 2023, payable in 2024, are $49,008.24. This exceptional property benefits from its proximity to major roadways (US Route 30 and I-65), Methodist Hospital, NiSource/NIPSCO headquarters, and numerous banks and restaurants. The asking price is $1,590,000 ($108.31/sq ft).

Highlights

  • Class A, 14,680 SF medical office building in Merrillville, IN.
  • Prime location on 1.08-acre lot, zoned C-3, near US Route 30 and I-65.
  • 100% occupied, with potential for owner-user or leaseback.

Property Details for 8510 Broadway

Property type
Office properties, Medical offices
Square Feet
14,680 SF
Class
A
Lot Size (sq. ft)
47,045 SF
Units
2

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.463383
Longitude
-87.339583
8510 Broadway, Merrillville, Indiana

FAQs

What type of property is this?
Office property - Class A Medical Office, 14,680 SF
Where is the office property located?
The property is located at 8510 Broadway Merrillville, IN.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Class A, 14,680 SF medical office building in Merrillville, IN.; Prime location on 1.08-acre lot, zoned C-3, near US Route 30 and I-65.; 100% occupied, with potential for owner-user or leaseback.
How can I contact the broker?
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8510 Broadway
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