2 Story Office Condo for Lease

Office for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30859339
Contiguous Space: 2,528 SF
Building Size (RSF): 20,885 SF
Gross Land Area: 3.75 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $3,792
Lease Types: Gross Lease
Class of Space: Class B
Last Updated: 12/1/2023

Overview / Comments

This is a freestanding 2 story office condominium. Well-built brick and frame
construction with shingle roof in Federal Park. This unit has 2,000 SF on the
main level and 528 SF on the 2nd floor. Interior features consist of totally
remodeled offices in '2023' with 3 offices, conference room, waiting area, 2
kitchens, 2 main floor restrooms, storage room, second floor bathroom with
shower and storage room. 2022 pay 2023 taxes are $7,659.28, $3.02/SF.
Federal Park POA CAM is $460.00/month ($2.18/SF).

Located in Federal Park, a 6 building commercial office Planned Unit
Development. 1 block west of Broadway (S.R. 53) on the south side of East
80th Place between Broadway and Madison/Merrillville Road. 2 blocks west
of the former 40 acre Radisson/Star Theatre/Twin Towers that have all been
recently razed and is now ready for development. 1/2 mile west of the I-
65/U.S. Highway 30 interchange. Directly east of the Merrillville Post Office
and close proximity to restaurants, hotels and shopping including Portillo's,
Panera Bread, La Carreta, Gino's and Asparagus to name a few. Within the 6
million SF retail trade area surrounding Southlake Mall. Merrillville is the
largest town in Indiana, with the third-lowest tax rate in Lake County.

Attachments & Media

Expand All Available Space

Suite: 257 2,528 SF $18 PSF (Annual) Gross Lease
Space Available: 2,528 SF
Lease Rate: $18 PSF (Annual)
$3,792 (Monthly)
Lease Type: Gross Lease
Space Description: This is a freestanding 2 story office condominium. Well-built brick and frame
construction with shingle roof in Federal Park. This unit has 2,000 SF on the
main level and 528 SF on the 2nd floor. Interior features consist of totally
remodeled offices in '2023' with 3 offices, conference room, waiting area, 2
kitchens, 2 main floor restrooms, storage room, second floor bathroom with
shower and storage room. 2022 pay 2023 taxes are $7,659.28, $3.02/SF.
Federal Park POA CAM is $460.00/month ($2.18/SF).

Located in Federal Park, a 6 building commercial office Planned Unit
Development. 1 block west of Broadway (S.R. 53) on the south side of East
80th Place between Broadway and Madison/Merrillville Road. 2 blocks west
of the former 40 acre Radisson/Star Theatre/Twin Towers that have all been
recently razed and is now ready for development. 1/2 mile west of the I-
65/U.S. Highway 30 interchange. Directly east of the Merrillville Post Office
and close proximity to restaurants, hotels and shopping including Portillo's,
Panera Bread, La Carreta, Gino's and Asparagus to name a few. Within the 6
million SF retail trade area surrounding Southlake Mall. Merrillville is the
largest town in Indiana, with the third-lowest tax rate in Lake County.
Date Available: 10/1/2023
Space Type: Relet

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-21-278-004.000-030
Total Number of Buildings: 5
Number of Stories: 2
Year Built: 1994
Legal Description: FEDERAL PARK CONDOMINIUMS UNIT 257

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,695 41,466 129,730
Median Age: 41.65 37.71 37.84
Households: 3,535 16,077 49,474

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