8396 Mississippi StMerrillville, IN 46410

  • Office properties
  • 64,341 SF
For Lease
$19.75/SF/YR View listing

Property Details for 8396 Mississippi St

Year built
1979
Construction
WOOD
Lot size
1.78 AC
Property size (Sq ft)
64,341 SF
Property type
Office properties
APN
45-12-22-478-005.000-030
APU
451222478005000030

Description

This exceptional 2,100 square foot office space in Merrillville, Indiana, is ideally situated at 8396 Mississippi Street, zip code 46410. The property is classified as a traditional office building and offers flexible leasing options. Businesses can lease the entire 2,100 square foot space or opt for individual, private office suites within the larger building. This makes it a perfect solution for companies of varying sizes, from small startups seeking a collaborative environment to larger firms needing multiple private offices. The building's design caters to a variety of business needs, providing a professional atmosphere conducive to productivity and growth. The location in Merrillville offers convenient access to local amenities and transportation networks, enhancing the overall appeal for businesses seeking a strategic location. This is a multiple tenancy building, providing a diverse and dynamic work environment. The property is ready for immediate occupancy and offers modern amenities, making it an attractive option for businesses looking to establish or expand their presence in the area. Interested parties are encouraged to inquire about available suite sizes and lease terms. The property's address is 8396 Mississippi Street, Merrillville, IN 46410.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $20,677,364
    6.5%
    $19,086,798
    7%
    $17,723,454
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,380,415
    Geo Method
    $8,380,415
  • Alternative Use

    Use
    Valuation
    Residential
    $23,667,628
    Hospitality
    $21,679,420
    Educational
    $18,037,024
    Medical
    $18,657,344
    Retail
    $28,057,592
8396 Mississippi St, Merrillville, Indiana

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.4666
Longitude
-87.3172
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$48,596
$646,000
$876,300
$1,522,300
-
$646,000
$876,300
$1,522,300

FAQs

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