8683 Connecticut StMerrillville, IN 46410

Property Details for 8683 Connecticut St

Year built

1983

Construction

TYPE NOT SPECIFIED

Lot size

1.55 AC

Property size (Sq ft)

10,750 SF

Property type

Office properties

APN

45-12-27-103-004.000-030

APU

451227103004000030

Description

This single-story, 10,750-square-foot Class B medical office building in Merrillville, Indiana, is available for $699,000 ($65.02/SF). Located at 8683 Connecticut St, 46410, this property sits on a 1.55-acre lot and is zoned C5. Built in 1987, the building comprises four separate office suites, currently vacant with an occupancy date of June 14, 2024. Its advantageous location directly north of Methodist Hospital offers excellent visibility and accessibility. Ample parking is available. Importantly, this property is independent of the neighboring Property Owners Association, providing operational autonomy. The building presents a compelling investment opportunity for medical providers or investors seeking a well-positioned, sizable medical office space in a thriving area. The property's APN is 45-12-27-128-001.000-030. This is a prime opportunity to acquire a substantial medical office building in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,454,744

  6.5%

  $3,188,994

  7%

  $2,961,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,400,188

  Geo Method

  $1,400,188

• Alternative Use

  Use

  Valuation

  Residential

  $3,954,353

  Hospitality

  $3,622,166

  Educational

  $3,013,600

  Medical

  $3,117,242

  Retail

  $4,687,822

Location Insight

City

Merrillville

County

Lake

State

Indiana

Latitude

41.4612

Longitude

-87.3306

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].