±32,792 SF Office Available- The Colony's Professional Building

521 E. 86th Avenue Merrillville, IN 46410

521 E. 86th Avenue, Merrillville, IN, 46410
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FOR SALE FOR LEASE
Property Type:
Medical/Healthcare
Amount:
$2,399,000
Last Verified:
Mar 27, 2024

Highlights


Description

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.

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. Perfect opportunity for owner/user, medical/dental professional, executive office user. Tenant Incentives.

Located at the intersection of SR 53 (Broadway) and E. 86th Avenue and 1/2 mile south of US Hwy 30 and I-65 interchange in Merrillville, Indiana (Lake County). Less than 1 mile to Methodist Hospital Southlake Campus, Indiana Wesleyan University, and surrounding hotels, retail, and restaurant shops.


Year Built: 1979
Building Size: 32792sq ft
Building Class: B
Lot Size: 2.83 acres


Documents

SVN - Lease Brochure
SVN - Sale Brochure

Units for Lease

F
Space Available: 1125 SF
Lease Type: NNN

Price Per Sqft/Month: $12.00
I
Space Available: 1009 SF
Lease Type: NNN

Price Per Sqft/Month: $12.00
S
Space Available: 2625 SF
Lease Type: NNN

Price Per Sqft/Month: $12.00
V
Space Available: 1200 SF
Lease Type: NNN

Price Per Sqft/Month: $12.00
Z
Space Available: 13195 SF
Lease Type: NNN

Price Per Sqft/Month: $12.00

Map of 521 E. 86th 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.