Office Space - For Sale
7863 Broadway Merrillville, IN 46410
Details & Description
Price: $3,825,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 2.066
  • Building Sq Ft 33,207
  • Building Price per Sq Ft $115.19
  • Land Sq Ft 89,994
  • Land Price per Sq Ft $42.50
Located in the heart of Merrillville IN, Broadway Office Center is positioned at the signalized southeast corner of Broadway and 78th Avenue. The offering consists of a two-story office building containing 33,207 rentable square feet. The office building is currently 92% occupied and has historically been in the 90% to 100% occupancy range. The building was constructed in 1972 with a renovation in 2006.Merrillville is home to the corporate headquarters of Fortune 500 energy company Nisource, hospitality management firm White Lodging and Centier Bank, Indiana's privately owned independent bank.Diversified mix of 30 tenants with users including doctors, psychologists, lawyers, physical therapists, financial services, and home health care providers
Property Highlights
 Array
Listing Agents
Steve Nicksic
Bradley Company
O: 219-695-3160
M: 219-508-0554
snicksic@bradleyco.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

7863 Broadway

Merrillville, IN 46410

Listing ID: 258624
$3,825,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 2.066
  • Building Sq Ft 33,207
  • Building Price per Sq Ft $115.19
  • Land Sq Ft 89,994
  • Land Price per Sq Ft $42.50
  • 7863 Broadway Merrillville, IN 46410 | for Sale | Photo 1
  • 7863 Broadway Merrillville, IN 46410 | for Sale | Photo 2
  • 7863 Broadway Merrillville, IN 46410 | for Sale | Photo 3
7863 Broadway | for Sale | Thumbnail 1
7863 Broadway | for Sale | Thumbnail 2
7863 Broadway | for Sale | Thumbnail 3
Property Highlights
 Signalized corner location in the heart of Merrillville near I-65US 30 interchange
 Significant capital repairs since 2006
 Significant redevelopment project planned for the northwest quadrant of I-65 and US 30
 Excellent historical occupancy ranging from 90 to 100 over the last several years
Description

Located in the heart of Merrillville IN, Broadway Office Center is positioned at the signalized southeast corner of Broadway and 78th Avenue. The offering consists of a two-story office building containing 33,207 rentable square feet. The office building is currently 92% occupied and has historically been in the 90% to 100% occupancy range. The building was constructed in 1972 with a renovation in 2006.

Merrillville is home to the corporate headquarters of Fortune 500 energy company Nisource, hospitality management firm White Lodging and Centier Bank, Indiana's privately owned independent bank.

Diversified mix of 30 tenants with users including doctors, psychologists, lawyers, physical therapists, financial services, and home health care providers

Attachments & Files

Listing Demographics for 7863 Broadway Merrillville, IN 46410

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population3,71638,120100,078
Population Median Age433939
Population by Age0-9 Yrs364 (9%)4864 (12%)11500 (11%)
10-19 Yrs398 (10%)4662 (12%)13785 (13%)
20-29 Yrs478 (12%)4999 (13%)12070 (12%)
30-39 Yrs405 (10%)5276 (13%)12923 (12%)
40-49 Yrs490 (13%)5237 (13%)13768 (13%)
50-59 Yrs473 (12%)4803 (12%)13329 (13%)
60-69 Yrs447 (12%)4044 (10%)11600 (11%)
70+ Yrs662 (17%)4236 (11%)11103 (11%)
Median HH Income$54,500$60,648$61,281
Total Household Income< 24K457 (25%)2702 (17%)7194 (18%)
25-49K341 (19%)3542 (22%)8761 (22%)
50-74K419 (23%)3496 (22%)7857 (20%)
75-99K218 (12%)2645 (16%)5790 (14%)
100-199K296 (16%)2896 (18%)8480 (21%)
200K+28 (1%)360 (2%)1122 (2%)
Highest Education LevelNo Diploma23825666269
Diploma or GED1011892923054
Some College594615115924
Assoc. Degree17921926437
Bachelors Degree477405611064
Higher Degree25323635997
Total Housing Units1,91916,78643,539
--Owner-Occupied9639,94527,721
--Renter-Occupied7955,69711,482
Owner-Occupied Values< 100K20818075903
100-199K664658914104
200-299K7212065368
300-399K71861571
400-499K724223
500K+5133553
Total Working Age Population3,10930,50180,345
In Work Force1,85119,82751,267
Not In Work Force1,25710,67429,077
Workforce Employed1,73818,37447,600
Workforce Unemployed1131,4453,656
Civlian Workforce1,85119,81951,256
Military Workforce0711
Total Households1,75815,64239,204
Family Households8179,22725,120
Non-Family Households9416,41514,083
Married Couple5466,35617,622
Other Family2712,8717,498
Married w/Child1842,6006,862
Single Male w/Child48439931
Single Female w/Child711,1032,985

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243
Indiana6,080,485+76,483,802+46,738,573+47,014,880
Lake County484,564+2496,005-3479,815+1482,321

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Office Space Listings for Sale Nearby
Address Price Sq Ft Acres
7320 Broadway, Merrillville, IN $3,850,000 15082 0.35
101 West 84th Drive, Merrillville, IN $2,750,000 39672 2.45
2600 81st Avenue, Merrillville, IN $599,000 8400 1.28
5265 Commerce Boulevard, Crown Point, IN $1,105,650 12800 1.85
125 N Main St, Crown Point, IN CALL 1754 -
123 North Main Street, Crown Point, IN $365,000 2164 -
123 North Main Street, 209, Crown Point, IN $365,000 2164 -
11420 Broadway, Crown Point, IN $360,000 10600 -
20 East U.S. Highway 30, Schererville, IN $1,100,000 12002 1.59
9635 Saric Court, Highland, IN $399,000 7600 0.23
Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 30
Chicago O'Hare International Airport (ORD) 45
South Bend Regional Airport (SBN) 55
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