7317 Madison St - Apartments FOR SALE


Merrillville, IN 46410
$290,000 USD
219-736-0014
7317 Madison St, Merrillville, IN for Sale
$290,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

7317 Madison St
Merrillville, IN 46410


OVERVIEW

**RARE MIXED-USE OPPORTUNITY – COMMERCIAL SPACE WITH RESIDENTIAL APARTMENT** This two-unit property offers a unique opportunity to **own or lease** a building that combines both **business and residential living** in one location. * **Upper Level (Residential):** Fully remodeled 3-bedroom apartment, approx. 1,796 SF, featuring a spacious living room, large kitchen, den/office space, laundry, and updated finishes. * **Main Level (Commercial):** Versatile commercial space ideal for office, retail, or service business use. Includes a 24’ x 12’ garage with additional parking, plus direct access for customers or employees. * **Workshop/Lower Level:** Additional work/storage area with bathroom—perfect for operations or expansion needs. **Property Highlights:** * All new copper plumbing, electrical, radiated heater, thermostats, and newer boiler * Updated HVAC/AC, serviced and in excellent condition * Separate gas heater with blower for efficiency * Solid interior finishes with cherry doors throughout * Foundation curb already in place at the rear for potential future expansion * Owner is a licensed builder and can accommodate build-to-suit modifications **Availability:** * **For Sale** * **For Lease** * **Lease with Option to Purchase** – Flexible ownership opportunities available **Directions:** From US 30, head north on Madison to property on east side.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

2

PRICE/UNIT

$145,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

C-2

APN/PARCEL ID

45-12-16-426-004.000-030,45-12-16-426-005.000-030

ASK ABOUT THIS PROPERTY

Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

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Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.