8510 Broadway

8510 Broadway, Merrillville, Indiana 46410

  • Property Subtypes Medical
  • Building Size (RSF) 14,680 SF
  • Gross Building Area 14,680 SF
  • Building Status Existing
  • Sale Price $2,470,000.00 Total
  • Unit Price $168.26 per SF
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 1.08 Acres
  • Sale Terms Sale/Leaseback
  • Cap Rate Undisclosed
  • Last Updated 7/6/2020
  • Days on Market 881 Days
  • Status active

Overview / Comments

This is a two-unit condominium two-story medical office building. The north approximately two thirds is for sale, containing a total of 14,680 SF with 9,772 +/-SF on the main and 4,908+/- SF on the second floor. Constructed in 1991 with a second-floor addition build out in the north end of the building in 2005. 2017 exterior renovations include: replacement of handicap ramp, newly tuckpointed windows, resurface the parking lot with new storm drains, 2018 replacement of the roof, and landscaping. Ideal for all types of medical and professional office uses. The 1st floor middle unit features a vestibule entry with glass enclosed reception desk, waiting room, procedure room, two operating rooms, laser room, post operation recovery room, refrigeration room, and two half bathrooms. The right unit features a reception desk, waiting room, three bathrooms, three private offices, six exam rooms, mechanical room, and storage closets. The upper level features a staff lounge, conference room, meeting room, 2 employee bathrooms with lockers, laboratory, office, mechanical room, storage closets and doctor’s office with bathroom. *Seller is relocating to larger new construction in 2019 thus is wiling to sell and lease back for some term. 2018 pay 2019 taxes $16,892.56 Located 300' west of Broadway between the two 84th and 86th Avenue stoplights. 1/2 mile south of U.S. Route 30. 3/4 mile southwest of I-65 highway interchange. Methodist Hospital is located two blocks southeast. The Fortune 500 NiSource/NIPSCO headquarters is 1/2 mile east. Several banks and restaurants are in the immediate vicinity including Fifth Third, Horizon, Chase, and Centier, Applebee's, Portillos, McAlister's Deli, Panera, House of Kobe, Gamba's and many more.

Additional Details

  • Tax ID/APN 45-12-28-227-004.000-030, 45-12-28-227-003.000-030
  • Property Visibility N/A

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