Merrillville, IN Commercial Real Estate for Lease and Sale

Explore 60 listings of Merrillville commercial real estate for lease and for sale to find the best space for your business.

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8679-8695 Connecticut Street

8679-8695 Connecticut Street, Merrillville, IN
Property

Office

17,220 SF
For Sale

$2,350,000
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4003 W. 82nd Avenue

4003 W. 82nd Avenue, Merrillville, IN
Property

Industrial

8,160 SF
Availability

1 Space

8,160 SF
For Lease

$12.00/SF/YR
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3897 Taft

7897 Taft St, Merrillville, IN
Property

Industrial

5,000 SF
Availability

2 Spaces

10,000 SF
Year Built

1963
For Lease

$9.50/SF/YR
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Broadway Plaza

5364-5480 Broadway Merrillville, Merrillville, IN
Property

Mixed Use

149,800 SF
Availability

4 Spaces

9,350 SF
Year Built

1965
For Lease

$8.00 - $12.00/SF/YR
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Former Auto Dealer

1777 W 81st Ave, Merrillville, IN
Property

Retail

14,412 SF
Availability

1 Space

14,412 SF
Year Built

1992
For Lease Contact for pricing
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8585 Broadway

8585 Broadway, Merrillville, IN
Property

Office

165,000 SF
Availability

21 Spaces

96,579 SF
Year Built

1979
For Lease

$20.00/SF/YR
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6625 West Lincoln Highway

6625 West Lincoln Highway, Merrillville, Crown Point, IN
Property

Office

10,289 SF
Availability

1 Space

2,574 SF
Year Built

2006
For Lease

$28.00/SF/YR
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8585 Broadway

8585 Broadway, Merrillville, IN
Property

Office

165,000 SF
Availability

1 Space

62,000 SF
For Lease

$20.00/SF/YR
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200 West 61st Avenue

200 West 61st Avenue, Merrillville, IN
Property

Office

5,438 SF
For Sale

$410,000
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Madalyn Plaza

5160-5210 E. 81st Avenue, Merrillville, Hobart, IN
Property

Retail

11,704 SF
Availability

1 Space

3,200 SF
Year Built

2006
For Lease

$15.00/SF/YR
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Ross Commons

500 W 81st Ave, Merrillville, IN
Property

Office

23,296 SF
Availability

2 Spaces

4,075 SF
Year Built

1973
For Lease

$12.50/SF/YR
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630 West Lincoln Highway

630 West Lincoln Highway, Merrillville, IN
Property

Office

14,430 SF
Availability

1 Space

7,215 SF
For Lease

$11.75/SF/YR
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Executive Plaza

5401 - 5443 Broadway , Merrillville, IN
Property

Office

15,120 SF
Availability

3 Spaces

2,750 SF
For Lease

$8.00/SF/YR
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8300 Broadway

8300 Broadway, Merrillville, IN
Property

Office

17,412 SF
Availability

1 Space

2,164 SF
Year Built

1978
For Lease

$12.00/SF/YR
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Environ Professional Center - MOB

8691 Connecticut St, Merrillville, IN
Property

Office

7,066 SF
For Sale

Subject to Offer
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The Colony's Professional Building

521 E. 86th Avenue, Merrillville, IN
Property

Office

32,792 SF
Year Built

1979
For Sale

$2,399,000
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1201 E 86th Pl

1201 E 86th Pl, Merrillville, IN
Property

Industrial

29,420 SF
Availability

1 Space

29,420 SF
Year Built

1989
For Lease

$7.50/SF/YR
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CP Coworking Annex - Suite RR

9111 Broadway, Merrillville, IN
Property

Office

41,000 SF
Availability

1 Space

1,768 SF
For Lease

$500.00 - $800.00/MO
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3425 E. U.S. Highway 30

3425 E. U.S. Highway 30, Merrillville, Hobart, IN
Property

VacantLand
For Sale

$3,456,250
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Merrillville Corporate Center

8001 Broadway, Merrillville, IN
Property

Office

47,148 SF
Availability

3 Spaces

13,087 SF
Year Built

1992
For Lease

$15.00 - $15.50/SF/YR
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8000 Broadway

8000 Broadway, Merrillville, IN
Property

Retail

31,287 SF
Availability

1 Space

31,287 SF
Year Built

1969
For Lease

$7.50/SF/YR
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8000 Broadway

8000 Broadway, Merrillville, IN
Property

Retail

31,287 SF
Year Built

1969
For Sale

$2,100,000
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8858-8898 Louisiana Street

8858-98 Louisiana, Suite G, Merrillville, IN
Property

Industrial

18,175 SF
Availability

1 Space

120 SF
For Lease

$400.00/MO
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8400 Colorado

8400 Colorado, Merrillville, Hobart, IN
Property

VacantLand

7,080 SF
Year Built

1986
For Sale

$149,000
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209 Acres Available for Sale in Gary, IN

9292 Broadway, Merrillville, IN
Property

Other
For Sale Contact for pricing
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8679-8695 Connecticut Street

8679-8695 Connecticut Street, Merrillville, IN
Property

Office

17,220 SF
Availability

4 Spaces

6,973 SF
For Lease

$17.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Merrillville commercial real estate market incorporates 770,434 square feet of office space across 31 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Merrillville commercial real estate market includes 744,915 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Merrillville market, there is a total of 652,181 square feet of industrial property.

The listing inventory in Merrillville incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Merrillville is represented by Industrial space, which accounts for 490,534 square feet of available listings. Retail space available in Merrillville adds up to 283,349 square feet.

Meanwhile, most of the listings of commercial property for sale in Merrillville are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Merrillville is $14.57 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Merrillville can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Merrillville, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Merrillville was Office space.

The average size of a commercial property in Merrillville depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Merrillville, the average size of an office property is 24,853 square feet.
Retail properties here incorporate an average of 67,720 square feet.
Industrial space in Merrillville is in buildings that are, on average 65,219 square feet in size.

Merrillville, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Merrillville currently add up to 1,039,076 square feet. The market offers 23 active office listing(s), which amount to 255,843 square feet and account for 52% of commercial spaces on the market. Local retail availability includes 283,349 square feet across 10 retail space(s). Industrial space for rent opportunities in Merrillville amount to 490,534 square feet across a total of 10 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	23	255,843
Retail	10	283,349
Industrial	10	490,534
Other	1	9,350

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Merrillville, IN. Currently, there is 287,509 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 2 retail investment opportunity listing(s) , and 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	8	81,850
Retail	2	45,699
Industrial	2	152,880
Other	4	7,080

Merrillville, IN Commercial Real Estate for Lease and Sale

8679-8695 Connecticut Street

4003 W. 82nd Avenue

3897 Taft

Broadway Plaza

Former Auto Dealer

8585 Broadway

6625 West Lincoln Highway

8585 Broadway

200 West 61st Avenue

Madalyn Plaza

Ross Commons

630 West Lincoln Highway

Executive Plaza

8300 Broadway

Environ Professional Center - MOB

The Colony's Professional Building

1201 E 86th Pl

CP Coworking Annex - Suite RR

3425 E. U.S. Highway 30

Merrillville Corporate Center

8000 Broadway

8000 Broadway

8858-8898 Louisiana Street

8400 Colorado

209 Acres Available for Sale in Gary, IN

8679-8695 Connecticut Street

Frequently Asked Questions

Merrillville, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Merrillville, IN Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Merrillville, IN?

What factors affect the price of commercial real estate in Merrillville, IN?

What is the average rent for commercial space in Merrillville, IN?

What are the best areas for commercial real estate in Merrillville, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Merrillville, IN?

Merrillville, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

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Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us