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1500 E 83rd Ave

Merrillville, IN
Floors
1
Total Size
29,375 sqft
Zoning
C-3
Year Constructed
1983
Year Renovated
0
Building Class

About 1500 E 83rd Ave

Excellent redevelopment opportunity in Merrillville Indiana blocks away from the U.S. 30 and I-65 Interchange directly across from the regional Southlake Mall. The +/- 29,375sf building is of block and masonry construction with a gabled roof positioned on +/- 4.81 acres. Ceiling heights are approximately 24' at the center gently tapering off to the sides.

The property is visible from Southlake Mall and the signalized intersection of East 83rd and Mississippi which is a major ingress and egress point of Southlake Mall. Given the proper redevelopment plan and approval visibility may be able to be greatly increased to I-65 and the Intersection of Mississippi and U.S. 30 with traffic counts of 60,000+.

There has been a large amount of recent activity in the area from developers and retailers looking to capitalize on the growth of the Northwest Indiana market. - Area description: Property is located in the retail district of Merrillville with over 2 million square feet of retail, retail power centers, and the regional drawing Southlake Mall - Number of buildings: 1 - Building condition: Average

Internet Providers for 1500 E 83rd Ave

Provider Technology Max Download Speed Max Upload Speed
Indiana Fiber Network, LLC Fiber
10 Gb/s
50 Mb/s
Comcast Cable
1 Gb/s
1 Gb/s
Frontier North, Inc. DSL
10 Mb/s
768 kbps
AT&T Indiana DSL
3 Mb/s
768 kbps

The City: Merrillville

The typical asking rate per listing is in the $10's per square foot per year. The Merrillville region is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.

Compared to the rest of the Chicagoland market, the Merrillville submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Merrillville $20
/sqft/yr
1,440
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,370
sqft

Median Rate over Time in Merrillville