Office Building Near I-65 & US 30

1578 E 85th Avenue, Merrillville, Indiana 46410

  • Property Subtypes Office Building , Medical
  • Gross Building Area 7,280 SF
  • Building Status Existing
  • Available Space 2,025 Sf
  • Min/Max Available Space 2025 Sf
  • Sale Price $699,000.00 Total
  • Property Use Type BusinessVacant/Owner-UserInvestment
  • Class of Space Class B
  • Total Land Size 3.169 Acres
  • Sale Terms Purchase Money MortgageCash to Seller
  • Cap Rate Undisclosed
  • Last Updated 6/24/2020
  • Days on Market 354 Days
  • Status active

Overview / Comments

Advent Real Estate Advisors is pleased to present this attractive and well maintained multi-suite office building suitable for an owner/user, investor or developer. The offering includes a 7,280 square foot professional office / medical office building with C-3 zoning which is one of the most liberal zoning classifications in the Town of Merrillville and allows for many types of uses. There is an additional +/- 2 acres of C-3 zoned land located contiguous to the subject. This land could be used for current or future expansion. Conversations with Town officials have been positive for a warehouse use at this site if certain criteria were met and received approval from the Municipality. Asking price is $400,000. 2,025 - 7,280 SF is available for Lease at $15.50 modified gross.

Additional Details

  • Tax ID/APN 45-12-27-227-001.000-030
  • Zoning C-3
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1995
  • Zoning Description Highway Commercial

Original text