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240 W 79th Ave
Merrillville, IN 46410
Hi Tec Self Storage · Specialty Property For Sale
·
23,820 SF
Investment Highlights
- Ability to Grow Rental Rates by 14.4 Percent to Attain the Market’s Levels in the Continued Lease-Up of the Site
- Ability to Add 2,000 NRSF of Drive-Up Storage via Expansion, Justified by the Area’s Growth and Surrounding Residentially-Dense Area
- Five-Mile Radius Boasts Over 100,000 Individuals, Paired with a .33 Percent Annual Population Growth in the Same Radius
- Add Value Through Implementing an Institutional Management Platform to Maximize Efficiencies
- Remotely-Managed Site with Janus NOKE System Allows for a Lighter Expense Load and a Higher Overall Net Operating Income
- Significant Traffic Counts Surround the Site, with U.S. Highway 30 Boasting a 55,500+ VPD, Merrillville Road with 10,300+ VPD and State Road 53 with 1
Property Facts
| Property Type | Specialty | Building Size | 23,820 SF |
| Property Subtype | Self-Storage | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1981/2022 |
| Lot Size | 2.55 AC | ||
| Zoning | IC-2 | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 23,820 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2022 |
| Zoning | IC-2 |
Property Taxes
| Parcel Number | 45-12-21-276-002.000-030 | Improvements Assessment | $343,700 |
| Land Assessment | $661,200 | Total Assessment | $1,004,900 |
Property Taxes
Parcel Number
45-12-21-276-002.000-030
Land Assessment
$661,200
Improvements Assessment
$343,700
Total Assessment
$1,004,900
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