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Former Tire Barn 8280 Mississippi St

5,088 SF Retail Building Merrillville, IN 46410 For Sale

Executive Summary

This is a 5,088 SF freestanding masonry building suitable for retail or office uses, located at a prime stop-light intersection. This can be a single or two tenant building. Unit 1 is 1,288 SF currently leased on a month to month basis. Unit 2 is a 3,800 SF vanilla box space ready to move in and open your business. This space has 15' ceilings to roof deck, 13' clear and 11' drop ceilings in the show room area, rear storage area and 6’8"x12’ overhead door on south end. Remodeled in 2015 with all new windows, doors, 3 new HVAC roof top units and roof in 2023. 400 Amp and 3 phase electric. 2024 INDOT traffic counts 20,916 cars/day.
1/2 mile southeast of the I-65 and U.S. 30 interchange. I-65 to U.S. 30 east 1 block to Mississippi Street then south to light. The property is situated at the northwest corner of Mississippi Street and East 83rd. Starbucks is directly across from the building. The property is surrounded by a retail trade area of approximately 6 million square feet including Macy's, Kohl's, Costco, Sam's Club, Walmart, Target, McDonald's, Starbucks and numerous other business. Southlake Mall is just east anchored by Macy’s and JC Penny’s. Great access to regional highways of I-65, U.S. 30, I-80/94 and I-90. Near numerous retail stores, hotels, restaurants and banks. ½ mile north of the New Amazon 1 million SF distribution center. 45 minutes to Chicago.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,088 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.80 AC
Zoning
C-3 Highway Commercial
Parking
40 Spaces (8.29 Spaces per 1,000 SF Leased)
Frontage
198 ft on 82nd Ave

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Nearby Major Retailers

Red Lobster
Bob Evans Restaurants
Outback Steakhouse
Mission BBQ
Chase Bank
D1 Sports Training
Olive Garden
Schoop's Hamburgers
Cooper's Hawk Winery & Restaurant
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
45-12-22-428-004.000-030
Land Assessment
$211,198 CAD
Improvements Assessment
$177,661 CAD
Total Assessment
$388,858 CAD
  • Listing ID: 34257404

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 8280 Mississippi St, Merrillville, IN 46410

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