For Sale
Merrillville, IN
Commercial Real Estate Market Trends & Data
$255
Avg asking sale price
$17
Avg asking lease rate
35,588 SF
Avg unit lease size
58,718 SF
Avg building size for sale
8.53%
Average cap rate
Merrillville's Demographic Profile
Merrillville has 14,211 households and a median income of $62,064, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 35,594 |
| # Households | 14,211 |
| Median age | 41 |
| Median household income | $62,064 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 5,381 |
| 5-year population change | 0% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Merrillville, IN
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Merrillville | $120 | 19,786 SF | 17.34% |
| Crown Point | $131 | 11,175 SF | 13.38% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Merrillville | $519 | 141,836 SF |
| Hobart | $851 | 166,978 SF |
| Winfield | $209 | 6,208 SF |
| Crown Point | $163 | 10,050 SF |
| Lake Station | $157 | 8,987 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Merrillville | $137 | 4,471 SF | 8.09% |
| Schererville | $137 | 4,471 SF | 8.09% |
Commercial Properties For Sale in Merrillville
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Merrillville pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Merrillville | $255 | 58,718 SF |
| Hobart | $250 | 57,608 SF |
| Robertsdale | $95 | 8,600 SF |
| Crown Point | $162 | 9,923 SF |
Regional Demographic Comparison
This comparison places Merrillville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Merrillville or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Merrillville, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Merrillville
View All Commercial Real Estate For Sale in Merrillville
Is Merrillville a good market for a first-time commercial real estate investor?
Merrillville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Merrillville?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Merrillville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Merrillville?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Merrillville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Merrillville compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Merrillville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Merrillville acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Merrillville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Market Trends
- Hammond Market Trends
- Valparaiso Market Trends
- Lansing Market Trends
- Hobart Market Trends
- Calumet City Market Trends
- Gary Market Trends
- South Holland Market Trends
- Schererville Market Trends
- Crown Point Market Trends
- Munster Market Trends
- Chicago Heights Market Trends
- University Park Market Trends
- Harvey Market Trends
- Portage Market Trends
- Park Forest Market Trends
- Homewood Market Trends
- Crete Market Trends
- Chesterton Market Trends
- Lake Station Market Trends
- Ford Heights Market Trends
- View more
- View less
