8420 Indiana Street, Merrillville, IN 46410
Grand Park · Lake County
Key Facts
Description
Prime Updated Office Building - Investment Opportunity 8420-38 Indiana St, Merrillville, INFully updated 9,240 SF two-story office building in Merrillville's C3 Commercial & Office District. Long term tenant occupied, ideal for investors. Near I-65, 32 on-site spaces + street parking, and high-speed internet.Recent upgrades include: new HVAC (2019 & 2023, another install Aug 2025), remodeled kitchens & bathrooms (2022-23), new carpet/paint, fire alarm & pull stations (2021), advanced security with cameras in every room (2023), smart thermostats building-wide, and parking lot resurfacing/restriping (2020).
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
2000
Living Area
9,240 sq ft
Lot Size
0.83 acres
Parking Spaces
32
Days on Market
195
MLS® Listing#
827116
Property Features
Exterior
Cooling
Heating
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$21,903
Tax year 2023
Parcel Number
451222476009000030
Directions
From I65 head east on US-30 (Lincoln Highway). Turn south on Mississippi Street. Then west on 85th Avenue. The property is located at the corner of 85th (Indiana St.) and Mississippi St.
Affordability Calculator
$284,000
Estimated monthly payment
$7,558/mo
Principal $1,136,000 · Est. interest $1,584,821 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Merrillville, IN
- $305,000
- Median Listing Price
- 64
- Median Days on Market
- 1,666
- Median Sq Ft
- $166
- Median Price / Sq Ft
- 122
- Active Listings
- This home’s price is 366% above the area median.
- Its price per sq ft is 7% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Merrillville, IN.
Location
Points of Interest in Merrillville, IN
Showing the Merrillville area map.
Nearby Schools
Merrillville High School Arena
Secondary · 0.3 mi away
Montessori Children's World
Elementary · 1.7 mi away
Pierce Middle School
Secondary · 1.9 mi away
Aquinas Catholic Community School
School · 2.1 mi away
Denmark College
School · 2.1 mi away
Avicenna Academy
School · 2.1 mi away
Homer Iddings Elementary School
Elementary · 2.1 mi away
Merrillville Sr High School
Secondary · 2.2 mi away
Merrillville Community School Corporation
School · 2.4 mi away
Northwest Indiana Special Education Cooperative
School · 2.7 mi away
Eagle Park Community School
School · 2.7 mi away
Jonas E Salk Elementary School
Elementary · 2.9 mi away
Fieler Elementary School
Elementary · 3.2 mi away
John Wood Elementary School
Elementary · 3.2 mi away
Andrean High School
Secondary · 3.3 mi away
Montessori Academy of Nwi
Elementary · 3.3 mi away
Montessori Academy in the Oaks
Elementary · 3.5 mi away
Headstart
Secondary · 3.5 mi away
Faith Academy
School · 3.5 mi away
Merrillville Intermediate School
Secondary · 3.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7961 Harrison Place, Merrillville, IN | $1,025,000 | — | — | — |
| 9999 Confidential, Merrillville, IN | $1,350,000 | — | — | 4,258 |
Moving Cost Estimate
EXIT Agents in Merrillville
Listing Courtesy: Haven Realty - 8887242836
Presented by: Tyren Morgan
Last Updated: 2025-08-15