Broadway Office Center

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30467972
Property Subtypes: Business Park, Office Building
Status: Pending/Contingent
Building Size (RSF): 33,207 SF
Sale Price: $3,825,000
Unit Price: $115.19 PSF
Property Use Type: Investment
Building Name: Broadway Office Center
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2021

Overview / Comments

Located in the heart of Merrillville IN, Broadway Office Center is positioned at the signalized southeast corner of Broadway and 78th Avenue. The offering consists of a two-story office building containing 33,207 rentable square feet. The office building is currently 92% occupied and has historically been in the 90% to 100% occupancy range. The building was constructed in 1972 with a renovation in 2006.

Merrillville is home to the corporate headquarters of Fortune 500 energy company Nisource, hospitality management firm White Lodging and Centier Bank, Indiana's privately owned independent bank.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-22-102-001.000-030
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1972
Year Renovated: 2006
Total Parking Spaces: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,038 46,331 131,694
Median Age: 42.78 37.62 37.39
Households: 2,203 17,813 50,128


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