Flex Commercial/Industrial

1400 E 89th Avenue Merrillville, IN 46410

1400 E 89th Avenue, Merrillville, IN, 46410
1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410 1400 E 89th Avenue, Merrillville, IN, 46410
FOR SALE
Property Type:
Industrial
Amount:
$795,000
Last Verified:
Sep 26, 2021

Highlights

  • 1.5 miles from Intersection of I-65 and U.S. Hwy 30
  • Centrally located in Southlake Industrial Park
  • Maintenance free Morton building
  • +/- 10,000 SF warehouse
  • 1152 SF Office/Showroom w/separate entrance and AC
  • Three 12'x14' DID w/service doors
  • Three electrical service entrances
  • Potential to divide into as many as 4 units.
  • Gated, paved parking for 16 vehicles
  • Stop sign corner at 89th Ave. and Louisiana St.

Description

Opportunity for Owner/User or Investor. A Morton built 11,520 SF structure with +/- 10,000 SF warehouse (cold storage insulated), plus an 1152 SF mezzanine for storage and an 1152 SF Office/Showroom. Three 12x14 DID and 4 walk-in doors all at grade. 18.24 ft. Clear Span construction on this one acre NEC of 89th and Louisiana. The paved parking lot has a total of 16 parking spaces with gated curb cuts on both West and South frontages of ~230 ft. and ~187 ft. respectively. Served by NIPSCO 200 Amp 240 Volt Service with two additional service entrances in place ready to be connected. See the industry site map, attached, for the extensive list of surrounding businesses within 0.4 miles.

Merrillville /ˈmɛrəlvɪl/ is a town in Ross Township, Lake County, Indiana, United States. The population was 35,246 at the 2010 census. Merrillville is in east-central Lake County, in the Chicago metropolitan area. The town serves as a major shopping hub for Northwest Indiana.

Economy
Merrillville is a hub for retail trade in Northwest Indiana. The US 30 corridor between Taft Street and Colorado Street harbors a large concentration of big-box retailers, hotels, restaurants, and automobile dealerships.

Ameriplex at the Crossroads, an industrial and technology park, opened at Broadway between 93rd Avenue and 101st Avenue in 2005. The development is designated an Indiana Certified Technology Park and includes a business incubator and technology center operated by the Purdue Research Foundation.

Heavy industry such as steelmaking and petroleum refining, which characterizes the economy of northern Lake County, does not have a significant presence in Merrillville. The town is home to the corporate headquarters of Fortune 500 energy company NiSource, hospitality management firm White Lodging, and Centier Bank, Indiana's largest privately owned independent bank. Merrillville's nearest commercial airports are Griffith-Merrillville Airport in Griffith and Gary/Chicago International Airport in Gary with in a twenty minute drive. The next closest being Midway and then Chicago O'Hare, both approximately one hour away by car.
(source: Wikipedia)


Year Built: 2015
Building Size: 11520sq ft
Lot Size: 1.0 acres

Map of 1400 E 89th Avenue, Merrillville, IN, 46410

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.