4000 W Lincoln Hwy
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4000 W Lincoln Hwy
8,571 SF 100% Leased Office Building Merrillville, IN 46410 $1,300,000 ($152/SF)
Investment Highlights
- High Daily Traffic Count ~42,000 VPD.
- Open Plan with additional Private Offices
- Attractive Architectural Design
- Extra Large Monument Sign with LED Msg Board
Executive Summary
A Prime Commercial location just 3.4 miles West of I-65 on U.S. Hwy 30 in Merrillville, IN with a Traffic Count of ~42,000 vehicles per day. This 8,668 SF (per Lake County, IN Assessor) structure on 2.05 AC with C-2 Community Commercial Zoning is perfect for Professional or Medical offices, or an Expansive List of Retail Uses too numerous to mention (See the zoning chart in documents). A combination of fourteen private offices and three open plan, work group areas with enough land for additional development provides great versatility. Architecturally attractive inside and out with a combination of direct and indirect lighting, tray ceilings real wood trim and designer finishes. Parking for 40 vehicles and a ~36' tall lighted monument sign with LED message board.
Excerpt from Wikipedia https://en.wikipedia.org/wiki/Merrillville,_Indiana
Merrillville is a hub for retail trade in Northwest Indiana. The US 30 corridor between Taft Street and Colorado Street harbors a large concentration of big-box retailers, hotels, restaurants, and automobile dealerships.
Ameriplex at the Crossroads, an industrial and technology park, opened at Broadway between 93rd Avenue and 101st Avenue in 2005. The development is designated an Indiana Certified Technology Park and includes a business incubator and technology center operated by the Purdue Research Foundation.
Heavy industry such as steelmaking and petroleum refining, which characterizes the economy of northern Lake County, does not have a significant presence in Merrillville. The town is home to the corporate headquarters of Fortune 500 energy company NiSource, hospitality management firm White Lodging, and Centier Bank, Indiana's largest privately owned independent bank.[15]
Chicago Midway International Airport is 33.8 miles from the site. Chicago O’Hare International Airport is 55.6 miles. Merrillville's nearest commercial airports are Griffith-Merrillville Airport in Griffith and Gary/Chicago International Airport in Gary.
Excerpt from https://movetoindiana.com/merrillville/
Nestled in the northwest corner of the vibrant state of Indiana, Merrillville is Indiana’s Largest Town; a hidden gem that offers an unparalleled quality of life to its residents and visitors alike. This thriving community has something for everyone. Whether you’re a young professional seeking new opportunities, a family looking for an excellent place to raise your children, or someone ready to retire, Merrillville is a place where everyone is welcome. Our town’s friendly atmosphere, strong economy, and rich culture make it a place you’ll be proud to call home.
One of Merrillville’s standout features is its ability to strike the perfect balance between a small-town atmosphere and easy access to major urban centers. Situated just 40 miles southeast of Chicago, Merrillville provides residents with the best of both worlds. Enjoy the tranquility of suburban living while being within reach of the world-class dining, shopping, and entertainment options of the Windy City.
Excerpt from Wikipedia https://en.wikipedia.org/wiki/Merrillville,_Indiana
Merrillville is a hub for retail trade in Northwest Indiana. The US 30 corridor between Taft Street and Colorado Street harbors a large concentration of big-box retailers, hotels, restaurants, and automobile dealerships.
Ameriplex at the Crossroads, an industrial and technology park, opened at Broadway between 93rd Avenue and 101st Avenue in 2005. The development is designated an Indiana Certified Technology Park and includes a business incubator and technology center operated by the Purdue Research Foundation.
Heavy industry such as steelmaking and petroleum refining, which characterizes the economy of northern Lake County, does not have a significant presence in Merrillville. The town is home to the corporate headquarters of Fortune 500 energy company NiSource, hospitality management firm White Lodging, and Centier Bank, Indiana's largest privately owned independent bank.[15]
Chicago Midway International Airport is 33.8 miles from the site. Chicago O’Hare International Airport is 55.6 miles. Merrillville's nearest commercial airports are Griffith-Merrillville Airport in Griffith and Gary/Chicago International Airport in Gary.
Excerpt from https://movetoindiana.com/merrillville/
Nestled in the northwest corner of the vibrant state of Indiana, Merrillville is Indiana’s Largest Town; a hidden gem that offers an unparalleled quality of life to its residents and visitors alike. This thriving community has something for everyone. Whether you’re a young professional seeking new opportunities, a family looking for an excellent place to raise your children, or someone ready to retire, Merrillville is a place where everyone is welcome. Our town’s friendly atmosphere, strong economy, and rich culture make it a place you’ll be proud to call home.
One of Merrillville’s standout features is its ability to strike the perfect balance between a small-town atmosphere and easy access to major urban centers. Situated just 40 miles southeast of Chicago, Merrillville provides residents with the best of both worlds. Enjoy the tranquility of suburban living while being within reach of the world-class dining, shopping, and entertainment options of the Windy City.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$17,998
|
$2.10
|
| Operating Expenses |
$21,230
|
$2.48
|
| Total Expenses |
$39,228
|
$4.58
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $17,998 |
| Annual Per SF | $2.10 |
| Operating Expenses | |
|---|---|
| Annual | $21,230 |
| Annual Per SF | $2.48 |
| Total Expenses | |
|---|---|
| Annual | $39,228 |
| Annual Per SF | $4.58 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,571 SF
Building Class
B
Year Built
1971
Price
$1,300,000
Price Per SF
$152
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,571 SF
Building FAR
0.10
Lot Size
2.05 AC
Zoning
C-2 - Community Commercial districts promote development for commercial uses which serve a market area larger than adjoining residential areas.
Parking
45 Spaces (5.25 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Kitchen
- Accent Lighting
- Reception
- Common Parts WC Facilities
- Open-Plan
- Partitioned Offices
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Briggs Insurance
- Finance and Insurance
- -
- -
- TBD
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Briggs Insurance | Finance and Insurance | - | - | TBD | - |
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PROPERTY TAXES
| Parcel Number | 45-12-19-176-007.000-030 | Total Assessment | $795,600 |
| Land Assessment | $531,800 | Annual Taxes | $17,998 ($2.10/SF) |
| Improvements Assessment | $263,800 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
45-12-19-176-007.000-030
Land Assessment
$531,800
Improvements Assessment
$263,800
Total Assessment
$795,600
Annual Taxes
$17,998 ($2.10/SF)
Tax Year
2023
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4000 W Lincoln Hwy
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