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Industrial with Large Yard 5200 Cleveland St 12,400 SF 100% Leased Industrial Building Merrillville, IN 46410 $1,400,000 ($112.90/SF)
Investment Highlights
- Fully fenced 2.15-acre site with secure outdoor space
- Front showroom and office area with strong street visibility
- Prime location near I-80/94, US-20, and I-65 for regional access
- Three 14-foot drive-in doors and 28-foot peak ceiling height
- Newer roof and brand-new electronic signage for added appeal
Executive Summary
Positioned in the heart of Northwest Indiana, this freestanding industrial property offers a rare combination of visibility, functionality, and strategic location. The 12,400 SF building sits on a fully fenced 2.15-acre lot, providing secure outdoor storage and operational flexibility. Inside, the property features a front showroom and office area, complemented by a warehouse with three 14-foot drive-in doors and a soaring 28-foot peak ceiling height—ideal for distribution, light manufacturing, or service-based operations.
Recent upgrades, including a newer roof (approximately five years old) and a brand-new electronic sign, enhance both durability and curb appeal. Located just minutes from I-80/94, US-20, and I-65, the site offers seamless connectivity to the greater Chicagoland region and major Midwest markets. With annual taxes of only $7,773 and a competitive asking price of $1,400,000, this property delivers exceptional value for businesses seeking a high-visibility location with robust infrastructure.
Surrounding demographics underscore the opportunity: over 145,000 residents within five miles and average household incomes exceeding $73,000. This is an ideal acquisition for companies looking to expand or consolidate operations in a growth-oriented corridor.
Recent upgrades, including a newer roof (approximately five years old) and a brand-new electronic sign, enhance both durability and curb appeal. Located just minutes from I-80/94, US-20, and I-65, the site offers seamless connectivity to the greater Chicagoland region and major Midwest markets. With annual taxes of only $7,773 and a competitive asking price of $1,400,000, this property delivers exceptional value for businesses seeking a high-visibility location with robust infrastructure.
Surrounding demographics underscore the opportunity: over 145,000 residents within five miles and average household incomes exceeding $73,000. This is an ideal acquisition for companies looking to expand or consolidate operations in a growth-oriented corridor.
Property Facts
| Price | $1,400,000 | Rentable Building Area | 12,400 SF |
| Price Per SF | $112.90 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1969 |
| Property Type | Industrial | Parking Ratio | 2.42/1,000 SF |
| Property Subtype | Showroom | Clear Ceiling Height | 28’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 2.15 AC | ||
| Zoning | Industrial - Industrial | ||
| Price | $1,400,000 |
| Price Per SF | $112.90 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 2.15 AC |
| Rentable Building Area | 12,400 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 2.42/1,000 SF |
| Clear Ceiling Height | 28’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Industrial - Industrial |
Amenities
- Fenced Lot
- Floor Drains
- Yard
1 1
Property Taxes
| Parcel Number | 45-08-32-454-002.000-001 | Improvements Assessment | $155,500 |
| Land Assessment | $140,000 | Total Assessment | $295,500 |
Property Taxes
Parcel Number
45-08-32-454-002.000-001
Land Assessment
$140,000
Improvements Assessment
$155,500
Total Assessment
$295,500
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Industrial with Large Yard | 5200 Cleveland St
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