521 E 86th Ave - Medical FOR SALE


Merrillville, IN 46410
$2,399,000 USD
630-330-3352
521 E 86th Ave, Merrillville, IN for Sale
$2,399,000 USD
Medical - FOR SALE
1/21
null | 7.04% Cap Rate

521 E 86th Ave
Merrillville, IN 46410


HIGHLIGHTS

  • ±32,792 SF Single Story Office on 2.83 AC
  • Executive & Medical Offices
  • Private Entry | Private Restrooms
  • Low Lake County Taxes ($1.41/SF)
  • Ample Parking | 138 Spaces
  • Monumental Signage

OVERVIEW

SVN is pleased to present The Colony's Professional Office Building at 521 E. 86th Avenue in Merrillville, Indiana. This ±32,792 SF single-story free-standing brick office building is on 2.83 AC. This property features 12 executive and medical suites and many office configurations for a variety of tenant sizes and use requirements. Private entry, restroom, kitchenette, conference room, co-working space, and signage. Priced below replacement cost. Perfect opportunity for owner/user, medical/dental professional, executive office user, or investor.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

7.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Colony's Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

-

APN/PARCEL ID

45-12-27-103-003.000-030

ASK ABOUT THIS PROPERTY

Karen KulczyckiSVN | Chicago CommercialMore Info
630-330-3352

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Karen KulczyckiSVN | Chicago CommercialMore Info
630-330-3352

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