Merrillville, IN Office Property For Sale

This is a soon to be vacant freestanding 2 story office condominium. Well-built brick and frame construction with shingle roof in Federal Park. This unit has 2,000 SF on the main level and 528 SF on the 2nd floor. Long term tenant lease expires June 30, 2022, and is presently paying $3,600/month but is leaving the market. Interior features consist of totally remodeled offices (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. This used to be a 2-unit condo which can be subdivided again for owner to occupy half and lease out the other half. New landscaping 2022. 2021 pay 2022 taxes are $4,670.52/$1.85/SF. Federal Park POA CAM is $460.00/month ($2.18/SF).

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. 2 blocks west of the former 40-acre Radisson/Star Theatre/Twin Towers that have all been recently razed and is now ready for development. 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, 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.

Subdivided larger 5.4 acre parcel for national retailer Tractor Supply Company, allowing for a 2.254 acre out lot with 196' frontage. Frontage road, entry service road and on-site detention in place; pad ready with net buildable of roughly 1.2 acre. Numerous curb cuts from frontage road and full movement median cuts onto US 30. Great visibility with high traffic counts.

Well established medical building currently operating as The Heart Center of Lake County under the Methodist Hospital umbrella. All masonry monument sign, two entry points from Broadway and multiple public and private entries to the building. 14,051 GSF, 12,132 RSF of which 9,692 SF is leased to Methodist Hospital (NN) since 2013 on an annual basis.

West half of the building was recently updated and is configured with reception/waiting area, large nurse's station, nine exam rooms, private physician offices, managerial offices, conference room, breakroom and several restrooms. Common area has two sets of entry doors, waiting area and public restrooms. East half consists of 3,660 SF of Ultrasound and stress/physical testing areas, support offices and is affiliated with the Heart Center. 2,410 +/- SF suite has recently become available and is for lease. Associated licensed broker is a

member of owning entity.