8900-8902 Broadway | Merrillville, IN 46410
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- LoopNet Team
8900-8902 Broadway
Merrillville, IN 46410
Office Property For Sale
Investment Highlights
- Two-Tenant Medical Building Across the Street From 334-Bed Methodist Hospital Southlake in Merrillville, IN
- Both Tenants Operate on Strong NNN Leases and Reimburse for All Operating Expenses, Including a Management Fee
- Weighted Average Lease Term of 4.85 Years
- Just 10 Miles East of the Indiana State Line in the Chicago MSA
- Northwest Regional Surgery Center Just Extended for Five Years With 2.5% Annual Increases
- Midwest Operating Engineers Health Center Is Paying $9.25/SF, Well Below the Submarket’s Average Rents
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
16,447 SF
Building Class
B
Year Built/Renovated
1995/2013
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,447 SF
Building FAR
0.26
Lot Size
1.46 AC
Zoning
C5 PUD, Merrillville
Parking
66 Spaces (4.01 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 45-12-28-278-003.000-030 | Improvements Assessment | $1,233,400 |
| Land Assessment | $294,600 | Total Assessment | $1,528,000 |
Property Taxes
Parcel Number
45-12-28-278-003.000-030
Land Assessment
$294,600
Improvements Assessment
$1,233,400
Total Assessment
$1,528,000
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