8510-8514 Broadway - Medical CONDO FOR SALE


Merrillville, IN 46410
$1,100,000 USD
219-795-1100
8510-8514 Broadway, Merrillville, IN for Sale
$1,100,000 USD
Medical CONDO - FOR SALE
1/23
null | Request Cap Rate

8510-8514 Broadway
Merrillville, IN 46410


HIGHLIGHTS

  • PRICE REDUCED!
  • 2 blocks to Methodist Hospital!
  • Less than 1/2 mile south of U.S. Highway 30.

OVERVIEW

This is a two-unit condominium two-story medical office building. The north approximately two thirds is for sale, containing a total of 14,680 SF with 9,772 +/-SF on the main and 4,908+/- SF on the second floor. Constructed in 1991 with a second-floor addition build out in the north end of the building in 2005. 2017 exterior renovations include: replacement of handicap ramp, newly tuckpointed windows, resurface the parking lot with new storm drains, 2018 replacement of the roof, and landscaping. Ideal for all types of medical and professional office uses. The 1st floor middle unit features a vestibule entry with glass enclosed reception desk, waiting room, procedure room, two operating rooms, laser room, post operation recovery room, refrigeration room, and two half bathrooms. The right unit features a reception desk, waiting room, three bathrooms, three private offices, six exam rooms, mechanical room, and storage closets. The upper level features a staff lounge, conference room, meeting room, 2 employee bathrooms with lockers, laboratory, office, mechanical room, storage closets and doctor’s office with bathroom. *Seller is relocating to larger new construction in 2019 thus is wiling to sell and lease back for some term. 2023 pay 2024 taxes $49,008.24. Located 300' west of Broadway between the two 84th and 86th Avenue stoplights. 1/2 mile south of U.S. Route 30. 3/4 mile southwest of I-65 highway interchange. Methodist Hospital is located two blocks southeast. The Fortune 500 NiSource/NIPSCO headquarters is 1/2 mile east. Several banks and restaurants are in the immediate vicinity including Fifth Third, Horizon, Chase, and Centier, Applebee's, Portillos, McAlister's Deli, Panera, House of Kobe, Gamba's and many more.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

22,980 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David LasserCommercial In-Sites LLCMore Info
219-795-1100

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David LasserCommercial In-Sites LLCMore Info
219-795-1100

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