Law Firm Investment Property

Highlights

• 6-Year Lease offers long-term stability
• Strong Stable Long-Term Tenant
• Zoned C-5 Office and Research for versatile use
• Prime location in Merrillville
• 100% occupancy for immediate income
• Well-maintained
• Ample parking for employees and visitors
• High visibility on major thoroughfare

Description

The asset is a single tenant net leased property owned and leased by the Hodges & Davis Law Firm. The building is a well-built and maintained office building located in the heart of the Merrillville medical and general office market. The property is conveniently located within 5 minutes of the I-65/US 30 interchange and is located within close proximity to Northwest Indiana's largest retail trade area. There are two sub-tenants in the property currently.
The building was a build to suit by the partners of the law firm in 1994 and they have occupied the building since. There is currently a sublease in place for 1,700 SF to Greater Indiana Title Company.
The law firm was originally formed in 1906 by William F. Hodges and Claude V. Ridgely and originally located in Gary, Indiana. The firm changed its name to Hodges and Davis in 1927, after Herschel Davis, a preeminent lawyer, became a partner. The firm continued to grow, and in 1970 the practice moved to Merrillville, Indiana. Ten years later, a steadily growing client list led Hodges and Davis to open an office in Porter County. Throughout its history, the Hodges and Davis employee roster has included a President of the Indiana State Bar Association, a Colonel in the U.S. Air Force, a United States Attorney, an adjunct professor at Valparaiso University School of Law, and a Deputy Attorney General.

Located on Broadway in Merrillville, IN. Merrillville is the largest town in the state located in Ross Township, Lake County, Indiana. The population was 35,246 at the 2010 census. Merrillville is located in the east-central portion of Lake County, in the Chicago metropolitan area.
Merrillville is a hub for retail trade and office users 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 two Purdue University related facilities: Purdue University Calumet's Academic Learning Center and a business incubator/technology center operated by the Purdue Research Foundation.

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