Office Building Near I-65 & US 30

Office for Sale
Catylist Listing ID: 30682062
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,280 SF
Gross Land Area: 1.17 - 3.17 Acres
Sale Price: $649,900
Unit Price: $89.27 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/28/2022

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 which is listed for $400,000. 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.

2,025 - 7,280 SF is available for Lease at $15.50 modified gross.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-27-227-001.000-030
Zoning: C-3
Property Located Between: Mississippi Street and I-65
Property Visibility: Excellent
Site Description: The building is positioned on +/- 1.169 acres. A surplus parcel totaling +/-2 acres is also available for purchase for $400,000.
Area Description: The property is located near Southlake Mall just a few blocks South of the US 30 and I-65 Interchange the property is surrounded by several hospitality flags, national retailers and restaurants which along with quick access to US 30, I-65, 80/94 and the Indiana Toll Road provides convenience for clients, patients and employees.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1995
Roof Type: Gable
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: Highway Commercial
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 942 29,650 108,462
Median Age: 71.32 39.26 38.22
Households: 447 11,907 41,643


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