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90 W 86th Ave
Merrillville, IN 46410
Office Property For Sale

Executive Summary

This is a two-unit 11,366 SF contemporary building. Suite 90 interior features include 10 private offices, 9 exam rooms, conference room, a large kitchen, waiting area with seating for 27 patients, an 11-seat admin area and 4 bathrooms. Suite 90 occupied by the existing tenant/Nephrology Associates of Northwest Indiana (NANI) with 7,278 SF will sign a new 10-year triple net lease at $19.50/SF at closing! Suite 100 was a former surgical procedure area no longer needed and available for lease or can be available to purchase and occupy or lease out. Suite 100 includes a 4,088 SF, a reception, staff lounge/conference room, locker room, physician offices, 22'7" x 20'5" surgical procedure room, supply room, 2 work areas, oxygen area, patient recovery/prep area, patient toilets/dressing room, nurse consulting area, manager office, workstation, several janitor closets, staff bathrooms and discharge area to drive through pick up. Suitable for a surgical center, medical phlebotomist center, many medical uses or conversion to professional office space for lease.
PROFORMA NOI: $186,062.80 PROFORMA CAP: 8.4%

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,366 SF
Building Class
C
Year Built
2008
Price
$3,056,240 CAD
Price Per SF
$268.89 CAD
Percent Leased
64%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,361 SF
Building FAR
0.11
Lot Size
2.43 AC
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
45-12-28-226-004.000-030
Land Assessment
$242,138 CAD
Improvements Assessment
$2,222,998 CAD
Total Assessment
$2,465,135 CAD
  • Listing ID: 40161788

  • Date on Market: 2026-04-15

  • Last Updated:

  • Address: 90 W 86th Ave, Merrillville, IN 46410

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