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$1,350,000 Just Listed

  • For Sale
  • Active
  • Commercial Multi-Family
  • 8,624 Sq. Ft.
  • Updated 6 hours ago

Next open house:

Open House: 2:00 PM - 4:30 PM

Wednesday 3/25 2:00 PM - 4:30 PM

1080-1090 W 85th Avenue,Merrillville, IN 46410

1080-1090 W 85th AvenueMerrillvilleIN46410

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This offering presents a well-maintained Class A 8-unit multifamily asset in the stable Northwest Indiana rental market. Built in 1999 as condominium units, the property features efficient 2-bedroom / 1.5 -bathroom floor plans of approximately 1,100 square feet with modern finishes, stainless steel appliances, and washer/dryer hookups. Major exterior improvements completed in 2021, including roof, windows, siding, and gutters. Tenants are responsible for electricity and gas/heat. Ownership is responsible for common electric, trash, and water. With average rents of approximately 1,550 dollars per unit and a 7.2 percent Day-1 cap rate, the asset offers strong in-place cash flow and upside potential in a supply-constrained submarket.

Full Property Details for 1080-1090 W 85th Ave

General

  • Price: $1,350,000
  • Taxes: $10,644 (2024)
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: GNIAR
  • MLS ID: 835664
  • Updated: 3/19/2026
  • Added to Site: Today

Parking

  • Parking Features: Off Street, Asphalt

Location

  • County: Lake
  • Township: Ross
  • Subdivision: Sedona Add
  • Driving Directions: US65 South to Route 30 West. Left onto Merrillville Rd then a right onto 86th Ave then immediate right onto 85th.

Heating & Cooling

  • Heating Type: Forced Air, Natural Gas

Structural Information

  • Square Feet: 8,624
  • Year Built: 1999

Lot Features

  • Lot Size (Acres): 0.47
  • Lot Size (Sq. Ft.): 20,473

Financial Considerations

  • Tax Amount: $10,644
  • Tax Year: 2024
  • Terms: Cash, Other

Disclosures and Reports

  • Legal Description: SEDONA ADDITON UNIT 1 PT. SE'LY OF OUTLOT A (11.66X250.35X22.91X242.33FT)
  • Property ID: 451228126020000030

Listed by Ellsbury Group

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Listing agents

— 1080-1090 W 85th Ave —

  • Ellsbury Group

  • Ellsbury Group

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 1080-1090 W 85th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Listed
$1,350,000
20%
MLS
2/21/2023
Sold
$1,125,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1080-1090 W 85th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,954
-4%
$534,700
—
2023
$12,510
100%
$533,900
70%
2022
$6,264
-15%
$313,200
6%
2020
$7,348
1%
$296,300
—
2019
$7,310
—
$295,800
-4%
2019
$7,310
-3%
$309,600
—
2018
$7,566
-3%
$309,600
-1%
2017
$7,840
—
$312,400
31%
2017
$7,840
32%
$239,200
—
2016
$5,932
15%
$239,100
—
2015
$5,167
-15%
$238,900
—
2013
$6,045
-18%
$239,300
-15%
2012
$7,354
—
$281,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Ellsbury Group

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1080-1090 W 85th Avenue, Merrillville, IN 46410 (MLS# 835664) is a Commercial Multi-Family property. 1080-1090 W 85th Avenue is currently listed for $1,350,000 and was received on March 18, 2026. Want to learn more about 1080-1090 W 85th Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Merrillville? You can browse all Merrillville real estate or contact a Coldwell Banker agent to request more information.

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