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Madalyn Plaza 5168-5198 E 81st Ave 1,800 - 9,000 SF of Space Available in Merrillville, IN 46410
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - 5160D | 1,800 SF | Negotiable | $15.07 CAD/SF/YR $1.26 CAD/SF/MO $27,126 CAD/YR $2,261 CAD/MO | Full Service | ||
| 1st Floor - 5190 C/D | 3,600 SF | Negotiable | $15.07 CAD/SF/YR $1.26 CAD/SF/MO $54,252 CAD/YR $4,521 CAD/MO | Full Service | ||
| 1st Floor, Ste 5194 | 3,600 SF | Negotiable | $20.55 CAD/SF/YR $1.71 CAD/SF/MO $73,980 CAD/YR $6,165 CAD/MO | Triple Net (NNN) |
5172 E 81st Ave - 1st Floor - 5160D
Warehouse space. Gross lease plus utilities, trash and janitorial.
- Rate includes utilities, building services and property expenses
5190 E 81st Ave - 1st Floor - 5190 C/D
Warehouse space. Gross plus utilities, trash and janitorial.
- Rate includes utilities, building services and property expenses
5160-5210 E Lincoln Hwy - 1st Floor - Ste 5194
RETAIL: One 1,600 SF office/retail space fronting U.S. Highway 30. This can be leased alone or along with one of the three rear warehouse units available for lease.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 9,000 SF | Frontage | 81st Ave |
| Center Type | Strip Center | Gross Leasable Area | 30,600 SF |
| Parking | 285 Spaces | Total Land Area | 9.64 AC |
| Stores | 12 | Year Built | 2006 |
| Center Properties | 4 |
| Total Space Available | 9,000 SF |
| Center Type | Strip Center |
| Parking | 285 Spaces |
| Stores | 12 |
| Center Properties | 4 |
| Frontage | 81st Ave |
| Gross Leasable Area | 30,600 SF |
| Total Land Area | 9.64 AC |
| Year Built | 2006 |
About the Property
This is a four building retail/flex complex offering easy access on U.S. Highway 30 at a median cut. Located in the City of Hobart with a Merrillville mailing address. Come join existing tenants Army National Guard Recruiting, Kumon, Real Space and GOE Fitness at the Madalyn Plaza. The property has great lighted pylon signage and ample parking. One 3,200 SF end cap frontage unit with windows available featuring 3 offices, large retail open area, and bathroom. Ideal for office or retail uses. See attached Why Indiana PDF on all the great reasons to bring your business to Indiana! LOCATION OVERVIEW Located on the northside of U.S. Highway 30 just 3 miles east of the I65 interchange between Clay Street and Grand Boulevard. This property is surrounded by a retail trade area of approximately 6 million square feet, including Team Honda, Walmart, Sam's Club, Albanese Nut and Candy, Olive Garden and the Southlake Shopping Mall. 2024 INDOT traffic counts 37,025 cars/day on U.S. Highway 30.
- Pylon Sign
Nearby Major Retailers
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Madalyn Plaza | 5168-5198 E 81st Ave
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