Merrillville, IN Commercial Real Estate for Lease and Sale

Explore 54 listing(s) of commercial real estate in Merrillville, IN to find the best space for your business.

93RD & CONNECTICUT

93RD & CONNECTICUT, Merrillville, MERRILLVILLE, IN
Property Type

Land
For Sale Contact for pricing

Property size 11.97 Acre
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Merrillville:
- Office Space: The market includes 562,738 square feet of office spaces in addition to 53 coworking locations.
- Retail Space: Between malls, restaurants and stores, Merrillville is home to 959,245 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 671,901 square feet of available space in Merrillville.
The average rent for commercial real estate in Merrillville is $16.7 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Merrillville costs $8, while the city’s premium locations ask up to $22.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 73,040 square feet.
- Class B properties are sized 14,503 square feet, on average.
- Class C properties span an average of 17,529 square feet.
CommercialCafe’s CRE offering in Merrillville is enabled by a network of 39 active brokers from 22 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $22 per square foot. In particular, the property type commanding the highest lease rates in Merrillville is Office space.
The average size of a commercial property here stands at 1,973,944. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Merrillville:
Office properties:
- Average size: 24,467 square feet.
- Largest property: 230 (19,277 square feet).
Retail properties:
- Average size: 87,205 square feet.
- Largest property: Land Available (50,000 square feet).
Industrial properties:
- Average size: 111,984 square feet.

Merrillville, IN Commercial Space Listings

Commercial Space for Lease - Breakdown

The 36 listings for commercial real estate currently available for rent in Merrillville add up to 2,681,162 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	20	161,517
Retail	9	223,025
Industrial	4	322,677
Other	3	1,973,943

Office properties:

The market has 20 active office listings, encompassing 161,517 square feet.
Merrillville office spaces currently listed on CommercialCafe represent 55% of the total commercial real estate market in Merrillville, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 9 retail listings available, adding up to a total of 223,025 square feet.
Retail spaces account for approximately 25% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Merrillville offers 4 listings, amounting to 322,677 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 11% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 17 properties listed for sale in the Merrillville market, adding up to 405,115 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

4 office properties
2 retail properties
2 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	4	46,894
Retail	2	27,474
Industrial	2	330,702
Other	9	45

Merrillville, IN Commercial Real Estate for Lease and Sale

93RD & CONNECTICUT

Frequently Asked Questions

Merrillville, IN Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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