1441 82Nd AveMerrillville, IN 46410

Property Details for 1441 82Nd Ave

Year built

1984

Lot size

0.98 AC

Property type

Parking lots & garages

APN

45-12-22-427-006.000-030

APU

451222427006000030

Description

This exceptional 3,298 square foot executive office space is located at 1441 E 82nd Ave in Merrillville, Indiana, 46410. Built in 1986, the property sits on a 1.14-acre lot and is currently vacant, presenting a unique opportunity for immediate occupancy. Previously used as a restaurant, the space offers significant potential for repurposing to suit a variety of executive office needs. The building benefits from high visibility due to its location, experiencing traffic from over 20,000 cars daily on Mississippi Street. Its strategic placement provides easy access to US 30 and I-65, enhancing accessibility for employees and clients. The property's proximity to hotels and restaurants adds further convenience. The existing drive-thru window presents an interesting feature for potential adaptive reuse. This location offers a strong foothold in Northwest Indiana's thriving business community. The property's size and location make it an ideal choice for businesses seeking a prominent and easily accessible office space. The vacant status allows for immediate customization to meet specific business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $20,187,284

  6.5%

  $18,634,416

  7%

  $17,303,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,025,924

  Geo Method

  $14,025,924

• Alternative Use

  Use

  Valuation

  Residential

  $15,718,828

  Hospitality

  $14,398,362

  Educational

  $11,979,268

  Medical

  $12,391,253

  Retail

  $18,634,416

Location Insight

City

Merrillville

County

Lake

State

Indiana

Latitude

41.4695

Longitude

-87.3186

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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