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The Colony's Professional Building 521 E 86th Ave 32,792 SF 82% Leased Office Building Merrillville, IN 46410 $1,995,000 ($60.84/SF)
INVESTMENT HIGHLIGHTS
- ±32,792 SF Single Story Office on 2.83 AC
- Private Entry | Private Restrooms
- Ample Parking | 138 Spaces
- Executive & Medical Offices
- Low Lake County Taxes ($1.41/SF)
- Monumental Signage
EXECUTIVE SUMMARY
SVN is pleased to present The Colony's Professional Office Building at 521 E. 86th Avenue in Merrillville, Indiana. This ±32,792 SF single-story free-standing brick office building is on 2.83 AC. This property features 12 executive and medical suites and many office configurations for a variety of tenant sizes and use requirements. Private entry, restroom, kitchenette, conference room, co-working space, and signage. Priced below replacement cost. Perfect opportunity for owner/user, medical/dental professional, executive office user, or investor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
32,792 SF
Building Class
B
Year Built/Renovated
1979/1985
Price
$1,995,000
Price Per SF
$60.84
Percent Leased
82%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
32,792 SF
Building FAR
0.27
Lot Size
2.83 AC
Parking
45 Spaces (1.37 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Medical or Executive Office
Medical or Executive Office
Medical or Executive Office
Medical or Executive Office
Medical or Executive Office
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste F | 1,125 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste I | 1,009 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste S | 2,625 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste V | 1,200 SF | Medical | Full Build-Out | Now |
| 1st Fl-Ste Z | 13,195 SF | Medical | Full Build-Out | 30 Days |
1st Fl-Ste F
| Size |
| 1,125 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste I
| Size |
| 1,009 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste S
| Size |
| 2,625 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste V
| Size |
| 1,200 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste Z
| Size |
| 13,195 SF |
| Space Use |
| Medical |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste F
| Size | 1,125 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Medical or Executive Office
1st Fl-Ste I
| Size | 1,009 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Medical or Executive Office
1st Fl-Ste S
| Size | 2,625 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Medical or Executive Office
1st Fl-Ste V
| Size | 1,200 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | Now |
Medical or Executive Office
1st Fl-Ste Z
| Size | 13,195 SF |
| Space Use | Medical |
| Condition | Full Build-Out |
| Available | 30 Days |
Medical or Executive Office
1 1
PROPERTY TAXES
| Parcel Number | 45-12-27-103-003.000-030 | Improvements Assessment | $1,384,200 |
| Land Assessment | $572,500 | Total Assessment | $1,956,700 |
PROPERTY TAXES
Parcel Number
45-12-27-103-003.000-030
Land Assessment
$572,500
Improvements Assessment
$1,384,200
Total Assessment
$1,956,700
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Colony's Professional Building | 521 E 86th Ave
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