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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 | - |
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MT Portfolio | Merrillville, IN
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