Log In/Sign Up
Your email has been sent.
MT Portfolio | Merrillville, IN 3 Properties Offered at $7,955,000 in Merrillville, IN
Investment Highlights
- Potential for a new owner to backfill multiple vacancies (+/- 30,307 SF) across three properties and convert short-term gross leases to net-leases
- These properties are situated within the Chicago MSA, just 40 miles from Downtown Chicago, offering access to commuters and growth opportunities
- Surrounded by national tenants such as; Meijer, Aldi, At Home, Dollar Tree, Planet Fitness, Walgreens, Portillo’s, Panera Bread, and more
- The properties are tenanted by a diverse array of businesses that demonstrate strong resilience to e-commerce trends
- Properties are being offered at a price well below replacement costs, $100/SF
- Positioned in a middle-class suburb of Indiana, that offers immediate access to 101,014 residents and an average hh income of $98,200 within 5 miles
Property Facts
| Price | $7,955,000 | Number of Properties | 3 |
| Price / SF | $97.21 / SF | Individually For Sale | 0 |
| Cap Rate | 7.29% | Total Building Size | 81,837 SF |
| Sale Type | Investment | Total Land Area | 9.21 AC |
| Status | Active |
| Price | $7,955,000 |
| Price / SF | $97.21 / SF |
| Cap Rate | 7.29% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 81,837 SF |
| Total Land Area | 9.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 251-397 W 84th Dr, Merrillville, IN 46410 | Flex | 31,527 SF | 1990 | - |
|
Broadfield North
8903-8939 Broadway, Merrillville, IN 46410 |
Office | 16,568 SF | 1987 | - |
|
80th Place Plaza
7950-7990 Broadway, Merrillville, IN 46410 |
Retail | 33,742 SF | 1977 | - |
1 1
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
MT Portfolio | Merrillville, IN
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.