Retail/Office/Development Building

7905 Broadway, Merrillville, Indiana 46410

  • Property Subtypes Office Building , Other
  • Gross Building Area 7,785 SF
  • Building Status Existing
  • Sale Price $1,195,000.00 Total
  • Property Use Type BusinessInvestment
  • Class of Space N/A
  • Total Land Size 3.61 Acres
  • Sale Terms Sale/LeasebackCash to Seller
  • Cap Rate Undisclosed
  • Last Updated 6/8/2020
  • Days on Market 395 Days
  • Status active

Overview / Comments

This is one of the best redevelopment site opportunities to come available in Merrillville! The current Geisen Funeral Home building sits on a vast 3.61 acres site at the northeast corner of the high traffic stoplight intersection of Broadway (SR 51) and 80th Street, which is 1 block north of U.S. Highway 30 and less than 1 mile west of I-65. 80th Place is one of the few access points 2 blocks west of the proposed Farm at Crossroads Commons, a White Lodging $350 million development of the former Radisson/Star Theatre/Twin Towers that have all been recently razed. This property is suitable for tear down and redevelopment or renovation and subdivision into 2 parcels and more for restaurants, hotels, retail, office or medical uses. The current building is 7,785 SF on the main level with a 1,485 SF apartment a 5,103 SF basement. The site features 414' of frontage on Broadway (S.R. 53) and 375' of frontage on 80th Place. All utilities and offsite drainage are in place. 2018 IDOT traffic counts on Broadway are 17,306 cars/day.

Additional Details

  • Tax ID/APN 45-12-22-151.001-000-030
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Year Built 1972

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