8695-8699 Broadway, Merrillville, IN 46410

$1,199,000
Property Type: Commercial Sale Square Footage: 15,024 Lot Size (sq. ft.): 61,420 Status: Closed
Current Price: $1,199,000 List Date: 3/03/2021 Last Modified: 2/24/2024

Overview

Description

Office building in the heart of Northwest Indiana's main business center. The building is ideal for an end user or investor or both. The building layout will accommodate any type of office use. The 1st floor can be divisible from 2,160 sf - 12,840 sf w/5 separate entrances. The interior currently features 19 private offices, an executive office has a private bathroom. There are 8 large administrative areas for work stations, 4 kitchens, breakrooms, multiple private bathrooms and 2 conference rooms. Perfectly situated for businesses in Indiana, Illinois & Michigan, just 1/2 mile from US Hwy 30 and 1 mile from Interstate 65. Also located next door to Methodist Hospital & a multitude of medical offices, Chase Bank, Horizon Bank, 5/3 Bank, Planet Fitness, Applebee's, Panera Bread, Portillo's, White Castle, McAlister's Deli, Aldi & Meijer Stores. The building features a large pylon sign which along w/the building itself will be exposed to 20,474 autos per day. Make an appointment today!!

Listing Details MLS# 489073

General Property Information

Living Area
15024
Building Area Source
Assessor
Year Built
1988
Lot Size Acres
1.41
Lot Size Square Feet
61420
Lot Size Dimensions
170x360
Stories
0

Property Features

Building Features: Business District Location; Enclosed Stair(s); Exterior Lighting; Inside Corridor(s); Lunch Room; Meeting Room; Office Park Location; Private Restrooms; Skylight(s); Suspended Ceiling(s); Other Construction Materials: Brick; Concrete; Frame Cooling: Central Air Current Use: Office Electric: 200+ Amp Service Flooring: Carpet; Concrete; Tile; Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Private Possession: Negotiable Possible Use: Commercial; Medical/Dental Rail Availability: None Road Frontage Type: City Street; State Road Roof: Aluminum; Composition Security Features: Fire Escape; Security Lights; Security System Tenant Pays: Gas Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Appointment Only

Contract Information

Auction YN
No
Original List Price
1199000
Property Sub Type
Office
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
8695-8699
Street Name
Broadway
County
Lake
State
IN
Postal Code
46410
Subdivision Name
Environ Executive Center

Remarks and Miscellaneous

Public Remarks
Office building in the heart of Northwest Indiana's main business center. The building is ideal for an end user or investor or both. The building layout will accommodate any type of office use. The 1st floor can be divisible from 2,160 sf - 12,840 sf w/5 separate entrances. The interior currently features 19 private offices, an executive office has a private bathroom. There are 8 large administrative areas for work stations, 4 kitchens, breakrooms, multiple private bathrooms and 2 conference rooms. Perfectly situated for businesses in Indiana, Illinois & Michigan, just 1/2 mile from US Hwy 30 and 1 mile from Interstate 65. Also located next door to Methodist Hospital & a multitude of medical offices, Chase Bank, Horizon Bank, 5/3 Bank, Planet Fitness, Applebee's, Panera Bread, Portillo's, White Castle, McAlister's Deli, Aldi & Meijer Stores. The building features a large pylon sign which along w/the building itself will be exposed to 20,474 autos per day. Make an appointment today!!

Status Change Information

Major Change Timestamp
2021-12-28T12:54:23Z
Major Change Type
Status Change
Status Change Timestamp
2021-12-28
Offer Acceptance Date
2021-11-17
Close Date
2021-12-28
Close Price
1199000
Concessions
No
Buyer Financing
Other

More Information

Building Features

Building Dimensions
230x84
Clear Ceiling Height
8'+
Industrial Park Name
Environ Executive Center
Number of Offices
19
Cranes
No
Business District Location
Yes
Enclosed Stair(s)
Yes
Exterior Lighting
Yes
Inside Corridor(s)
Yes
Lunch Room
Yes
Meeting Room
Yes
Office Park Location
Yes
Private Restrooms
Yes
Skylight(s)
Yes
Suspended Ceiling(s)
Yes
Other
Yes

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
170

Showing Requirements

Showing Instructions
48 hour notice required - please use showing assist.
Appointment Only
Yes

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Roof Structure: Gable, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers, Office Sq. Ft.:

Location, Tax, and Legal

Tax Legal Description
Legal Description: W. 400 FT OF S. 170 FT OF N1/2 OF NW. S.27 T.35 R.8 EX. W. 40FT 1.408 AC
Parcel Number
451227102002000030
Zoning Description
Commercial
Township
Ross
Directions
On the East side of Broadway, 1 block South of 86th Street off frontage road.
Cross Street
86th

Construction Materials

Brick
Yes
Concrete
Yes
Frame
Yes

Cooling

Central Air
Yes

Electric

200+ Amp Service
Yes

Flooring

Carpet
Yes
Concrete
Yes
Tile
Yes
Vinyl
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Private
Yes

Possession

Negotiable
Yes

Road Frontage Type

City Street
Yes
State Road
Yes

Roof

Aluminum
Yes
Composition
Yes

Security Features

Fire Escape
Yes
Security Lights
Yes
Security System
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Income and Expenses

Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
New Taxes Expense
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Tenant Pays

Gas
Yes

Current Use

Office
Yes

Possible Use

Commercial
Yes
Medical/Dental
Yes

Rail Availability

None
Yes
Listing Office: Century 21 Alliance Group
Last Updated: February - 24 - 2024
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