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6190 Broadway 5,924 SF Vacant Retail Building Merrillville, IN 46410 $818,797 CAD ($138.22 CAD/SF)
Investment Highlights
- Fully equipped former restaurant, turnkey opportunity including FF&E.
- Convenient access to I-65 and US-30, with major retail density nearby.
- 0.50-acre site supporting multiple redevelopment scenarios.
- Outparcel positioning to an established Ruler Foods-anchored shopping center.
- Recently renovated in 2022, reducing upfront capital costs for re-use.
- Strong presence along Broadway, a key retail and commuter corridor in Merrillville, IN.
Executive Summary
This freestanding former restaurant offers a unique investment opportunity in the thriving retail corridor of Merrillville, Indiana. Positioned on a 0.50-acre parcel with 5,924 square feet of building space, the property includes full FF&E, presenting a ready-to-operate scenario for food service or a significant redevelopment potential for alternate uses. Outparcel positioning to a Ruler Foods-anchored shopping center ensures strong visibility and consumer traffic, complemented by numerous national tenants in the surrounding trade area.
The property benefits from excellent access to I-65 via 61st Avenue, providing strong regional connectivity. Recent renovations in 2022 further enhance value, making the asset well-positioned for buyers seeking a low-barrier entry into a dynamic retail market or developers targeting repurposing opportunities. Aggressively priced below replacement cost, this property aligns with both owner-operator and investor strategies.
The property benefits from excellent access to I-65 via 61st Avenue, providing strong regional connectivity. Recent renovations in 2022 further enhance value, making the asset well-positioned for buyers seeking a low-barrier entry into a dynamic retail market or developers targeting repurposing opportunities. Aggressively priced below replacement cost, this property aligns with both owner-operator and investor strategies.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,924 SF
Building Class
B
Year Built
1986
Price
$818,797 CAD
Price Per SF
$138.22 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.50 AC
Zoning
R3
Parking
50 Spaces (8.44 Spaces per 1,000 SF Leased)
Frontage
112’ on Broadway St
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-12-09-226-009.000-030 | Improvements Assessment | $338,454 CAD |
| Land Assessment | $316,310 CAD | Total Assessment | $654,764 CAD |
Property Taxes
Parcel Number
45-12-09-226-009.000-030
Land Assessment
$316,310 CAD
Improvements Assessment
$338,454 CAD
Total Assessment
$654,764 CAD
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6190 Broadway
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