For Sale $2,399,000
Property Type Office - Medical Office
Property Size 32,792 SF
Units 12
Lot Size 2.83 Acre
Building Class B
Year Built 1979
Year Renovated 1985
Date Updated Apr 25, 2024

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.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.

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Highlights

±32,792 SF Single Story Office on 2.83 AC
Executive & Medical Offices
Private Entry | Private Restrooms
Low Lake County Taxes ($1.41/SF)
Ample Parking | 138 Spaces
Monumental Signage

Contacts

Karen Kulczycki

SVN | Chicago Commercial

(312) 602-5346

Location

Getting Around

Walk Score ®
25/100 Car-Dependent
Bike Score ®
34/100 Somewhat Bikeable

Map
Street

City Merrillville, IN
Neighborhood Merrillville
Zip Code 46410
Market Chicago

Points of Interest

Gary Metro Center

9.89 miles
Miller

9.95 miles

Speedway

0.66 miles
Tesla Supercharger

0.80 miles
Meijer

0.86 miles
Speedway

0.88 miles
Costco Gasoline

0.97 miles
BP

1.03 miles
Marathon

1.68 miles
Speedway

1.73 miles
Speedway

1.90 miles
Speedway

2.89 miles

The Fieldhouse

1.83 miles
Employee Parking

2.30 miles
St. Andrean High School Parking

3.31 miles
Andrean High School parking

3.35 miles
Games

3.77 miles
Buses and Vans

3.86 miles
School Bus Parking

5.12 miles
Village Mall parking

6.49 miles
Accessible Parking

6.56 miles
Griffith Municipal Parking Lot

6.58 miles

Hampton Inn Merrillville

0.42 miles
Red Roof Inn

0.50 miles
Fairfield Inn & Suites by Marriott Merrillville

0.53 miles
Country Inn & Suites by Radisson, Merrillville, IN

0.56 miles
Super 8 by Wyndham Merrillville

0.67 miles
La Quinta Inn by Wyndham Merrillville

0.76 miles
Residence Inn by Marriott Merrillville

0.79 miles
Hilton Garden Inn

1.22 miles
Hampton Inn & Suites Schererville

7.57 miles

Portillo's

0.59 miles
Panera Bread

0.63 miles
Wendy's

0.82 miles
Baker's Square

0.94 miles
Outback Steakhouse

0.99 miles
Culver's

1.05 miles
Olive Garden

1.17 miles
McDonald's

1.17 miles
LongHorn Steakhouse

1.27 miles
Taco Bell

1.60 miles

Sawyer College

1.67 miles
Clifford Pierce Middle School

1.92 miles
Homer Iddings Elementary School

1.93 miles
Merrillville High School

2.25 miles
Jonas E Salk Elementary School

2.35 miles
Henry P Fieler Elementary School

3.15 miles
Timothy Ball Elementary School

3.24 miles
Andrean High School

3.35 miles
Harrison Middle School

3.43 miles
Saints Peter and Paul School

3.52 miles

My School

5.35 miles
Kidzone Early Learning Center

5.70 miles
Li'l Rascals

6.92 miles
Grand Tots Intergenerational Daycare Center

9.19 miles
Hattie's Daycare & Preschool

9.26 miles

Frequently Asked Questions

What is the lease rate for The Colony's Professional Building?

Rental asking rate at The Colony's Professional Building is $1,199,500.00/YR.

What is the total square footage of The Colony's Professional Building?

The Colony's Professional Building totals 32,792 square feet.

When was this property built?

The Colony's Professional Building was built in 1979.

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