8300 Broadway St | Merrillville, IN 46410
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- LoopNet Team
8300 Broadway St
Merrillville, IN 46410
Office Property For Sale
Investment Highlights
- 100% Occupied | Multi-Tenant Medical Office | 2 Story Brick Building with Short Term Leases to Allow for Immediate Rental Upside
- Below Market Rents Offer Opportunity for Double Digit Returns | Avg. Building Rent is $13.32 SF | Class C Market Rent is $17.10 SF
- The Chicago, IL MSA (3rd Largest) Population: 9,618,502 AHHI (5-Mile Radius): $85,799 Population (5-Mile Radius): 97,048
- Gross SF: 17,421 SF | Lot: 1.21 Acres| Built 1980 | Renovated 2017 & 2021
- Located on a Main Business Artery on Broadway (15,757 VPD) 1 Mile to the I-65 (90,714 VPD) and U.S. Highway 30 (49,127 VPD) Interchange
- Proximity to Methodist Hospital (0.8 Miles) & Pinnacle Hospital (1.6 Miles) | Dense National Retail and Office Corridor | Home to the Southlake Mall
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
17,412 SF
Building Class
B
Year Built/Renovated
1980/2017
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,706 SF
Building FAR
0.33
Lot Size
1.21 AC
Zoning
COMMR
Parking
87 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 45-12-21-476-005.000-030 | Improvements Assessment | $1,358,100 |
| Land Assessment | $363,600 | Total Assessment | $1,721,700 |
PROPERTY TAXES
Parcel Number
45-12-21-476-005.000-030
Land Assessment
$363,600
Improvements Assessment
$1,358,100
Total Assessment
$1,721,700
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