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Note

Sealed Bid Deadline: July 10

Listing was updated at: 06/03/2019
Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10 Sealed Bid Deadline: July 10

Property Overview

Price/Rent PSF $ 2,000,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 48,330
Date Available 05/23/2019
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Description

Location
This large office and warehouse property is located at the corner of Broadway and W. 84th Avenue within Merrillville, a town in northwest Indiana. The property is just west of a number of national restaurant chains, Chase Bank, Centier Bank and in close proximity to Meijer. In addition, there are several neighborhood centers, a regional mall, and several hotels on the eastern side of the 80th Avenue exit off of I-65, approximately 1.6 miles from Subject. The property is located off of 80th Avenue/81st Avenue, a major thoroughfare of this area.The immediate area surrounding the Subject is populated by office, medical and bank uses.

Sale
UPDATED SEALED BID DEADLINE: July 10
Guaranteed to Sell at Highest & Best Price Above $2,000,000

ON-SITE INSPECTION: By Appointment Only

The Subject property is a freestanding office building split between one and two stories. Built in 1978, the property includes a main office area with 24 private offices, two conference rooms, break room, kitchenette, washrooms and several ancillary mechanical and storage rooms. The second floor features additional private offices, four general offices and restrooms. Approximately 43,500 SF (or 75%) of the facility is office area. The second building is a two-story warehouse building constructed in 1992 totaling 9,898 SF. The site also includes 293+/- parking spaces. DirectBuy looks to enter into a short-term sale-leaseback for a portion of the main building.

The Subject property is Ideal for an owner/user or as a well-situated redevelopment.

Hilco Real Estate, LLC, in cooperation with Steven Mathis, IN Broker, Lic. #RB15000970.

Location

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