4831 81St AveMerrillville, IN 46410

Property Details for 4831 81St Ave

Year built

2005

Construction

TYPE NOT SPECIFIED

Lot size

1.90 AC

Property size (Sq ft)

18,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

45-13-19-301-001.000-046

APU

451319301001000046

Description

This well-maintained, two-building retail center in Merrillville, Indiana, offers 59,800 square feet of space, with units ranging from 1,400 to 4,200 contiguous square feet. Built in 2005, the single-story Class C property boasts excellent visibility on US 30 Highway, experiencing over 53,000 vehicles daily. The center enjoys a strong tenant mix, including Anytime Fitness, Midwest Express Clinic, El Salto Mexican Restaurant, and the Indiana Bureau of Motor Vehicles, among others. Three spaces are currently available, ideal for retail or office users. The property's location in Lake County, at 4831 E 81st Ave, zip code 46410, places it near major retailers such as Sam's Club, Walmart, Hobby Lobby, and South Lake Mall, ensuring high traffic and visibility. End cap locations are available. The minimum divisible space is 1,400 square feet. This presents a compelling opportunity for businesses seeking high-traffic retail or office space in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,503,490

  6.5%

  $7,849,376

  7%

  $7,288,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,908,140

  Geo Method

  $5,908,140

• Alternative Use

  Use

  Valuation

  Residential

  $6,621,242

  Hospitality

  $6,065,022

  Educational

  $5,046,027

  Medical

  $5,219,568

  Retail

  $7,849,376

Location Insight

City

Merrillville

County

Lake

State

Indiana

Latitude

41.4705

Longitude

-87.277

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].