257-259 West 80th Place, Merrillville, IN

Office for Sale - $276,000 - 2,528 Sq. Ft. on 2.75 acres


Agent Info

David Lasser
Commercial In-Sites, LLC

Property Info

CIMLS#1057867
Location
  257-259 West 80th Place
  Merrillville IN 46410
UpdatedFebruary 15th, 2021
TypeOffice
Price$276,000
Building2,528 Sq. Ft.
Land2.75 acres

Contact


Property Description

This is a 100% leased freestanding 2 story office condominium. Well-built brick and frame construction with shingle roof in Federal Park. This is a 2 unit with 2,000 SF on the main level and 528 SF on the 2nd floor. Long term tenant presently in 3 year term. Interior features consist of a totally remodeled office (June 2019) with 3 offices, conference room, waiting area, 2 kitchens, 2 main floor restrooms, storage room, second floor bathroom with shower and storage room. 2019 pay 2020 taxes are $4,551.00/$1.80/SF. Federal Park POA CAM is $343.00/month ($1.96/SF). Separate utilities for each side.

Located in Federal Park, a 6 building commercial office Planned Unit Development. 1 block west of Broadway (S.R. 53) on the south side of East 80th Place between Broadway and Madison/Merrillville Road. 1/2 mile west of the I-65/U.S. Highway 30 interchange. Directly east of the Merrillville Post Office and close proximity to restaurants, hotels and shopping including Portillo's, Panera Bread, La Carreta, Pepe's, Gino's and Asparagus to name a few. Within the 6 million SF retail trade area surrounding Southlake Mall. Merrillville is the largest town in Indiana, with the third-lowest tax rate in Lake County. 2 blocks west of the

proposed Farm at Crossroads Commons, White Lodging's new $350 million development of the former Radisson/Star Theatre/Twin Towers location.



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