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32683552
32683555

6110 Broadway, Merrillville, IN 46410

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd
$4,900,000
24 days on market
Updated 24 days ago

Crossroads Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 184,721
Net Rentable (SqFt) 184,721
Cap Rate 10.24%
NOI $501,613
Occupancy 65.15%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 12.86%
Pro-Forma NOI $630,253
Investment Type Value Add
Ground Lease No

Retail | 10.24% CAP | 184,721 SqFt

Marketing description

Silber Investment Properties is pleased to Exclusively present Crossroads Plaza, a multi-tenant retail shopping center located at 6110 Broadway in Merrillville, Indiana. The property is strategically positioned on Broadway (State Road 53), a major north-south commercial corridor providing strong regional connectivity including quick access to U.S. 30 and I-65. The property features excellent visibility and triple-corner exposure along a heavily traveled retail spine.

The 184,721 square foot retail center offers significant value-add repositioning opportunities. Given its prominent location and scale, there is substantial upside potential to re-tenant to higher-end retailers, QSRs, or mixed-use service providers. The property represents a strong redevelopment thesis with potential for re-tenanting with national credit users or redeveloping as part of a retail-service hub given the site's visibility and lot size.

With Broadway's continued retail momentum and Merrillville's role as a regional shopping node, the property is a candidate for long-term asset appreciation. The current tenant mix includes Ruler Foods & Merrillville Flea Market as anchor tenants along with a diverse collection of local and regional retailers.

Investment highlights

  • Positioned on Broadway (State Road 53), a major north-south commercial corridor in Merrillville. Broadway provides strong regional connectivity, including quick access to U.S. 30 and I-65.
  • The property is part of a well-established retail node in Northwest Indiana, within a dense retail and service market.
  • Excellent visibility and triple-corner exposure, leveraging Broadway's role as a heavily traveled retail spine.
  • The property is well-suited for value-add repositioning: given its location and scale, there is upside to re-tenant to higher-end retailers, QSRs, or mixed-use service.
  • Strong redevelopment thesis: potential for re-tenanting with national credit users or redeveloping as part of a retail-service "hub" given the site's visibility and lot size.
  • Given Broadway's continued retail momentum and Merrillville's role as a regional shopping node, the property is a candidate for long-term asset appreciation.

Listing Contacts

DS
NY 10401349050
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$501,613.00
$41,801.08/mo

Valuation Metrics

0
DSCR
10.24%
Cap Rate
10.24%
ROI

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