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$250,000 Just Listed
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Property Description
RARE OPPORTUNITY TO HAVE YOUR BUSINESS AND RESIDENCE IN THE SAME LOCATION. Two Unit Building. Upper level is an all remodeled Three Bedroom Apartment that is 1796 Sq ft. with Spacious Living room, Large Kitchen and Den. laundry etc. The Main Floor Level gives you the opportunity to run your business. 24x12 Garage with Additional Parking Spaces. ALL NEW COPPER, RADIATED HEATER, NEW THERMOSTATS, NEWER BOILER,NEW ELECTRIC, NEW PLUMBING,ALL CHERRY DOORS, SEPRATE GAS HEATER WITH BLOWER, UPDATED AND SERVICED HVAC/ AC. THE WORK SHOP DOWNSTAIRS ALSO HAS A BATHROOM. Check this one out TODAY
Full Property Details
Full Property Details for 7317 Madison St
General
- Price: $250,000
- Taxes: $2,184 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 847213
- Updated: 10/22/2026
- Added to Site: Today
Interior
- Appliances: Dishwasher, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range
Exterior
- Exterior Features: Other
Location
- County: Lake
- Township: Ross
- Driving Directions: Take US 30 East, Turn North on Merrillville Road which becomes Madison for 1-mile
Heating & Cooling
- Heating Type: Other
Structural Information
- Square Feet: 3,400
- Year Built: 1942
Lot Features
- Lot Size (Acres): 0.477
- Lot Size (Sq. Ft.): 20,778
Financial Considerations
- Tax Amount: $2,184
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: S1/2 LOT 14 OF 1A. LOTS EX. N. 12FT OF E. 5 RDS. NE. SE. .4773AC. S.16 T.35 R.8
- Property ID: 451216426005000030
Listed by McColly Real Estate
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Schools
Schools serving 7317 Madison St
School District:Merrillville Community School
| Name | Grades | Distance |
|---|---|---|
Homer Iddings Elementary School 7249 Van Buren Street, Merrillville, IN 46410 | K-4 | 0.3 mi |
Pierce Middle School, Merrillville, IN 199 East 70th Place, Merrillville, IN 46410 | 7-8 | 0.6 mi |
Merrillville High School 276 East 68th Place, Merrillville, IN 46410 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7317 Madison St
Date
Details
Price
Change
Source
10/22/2026
Listed
$250,000
—
MLS
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
Tax History for 7317 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,529
-7%
$52,100
-75%
2023
$4,878
12%
$208,200
—
2022
$4,349
-16%
$208,200
—
2020
$5,172
10%
$208,200
—
2019
$4,720
-5%
$208,200
—
2018
$4,949
4%
$208,200
—
2017
$4,772
2%
$208,200
—
2016
$4,669
4%
$208,100
—
2015
$4,497
-14%
$208,100
—
2013
$5,257
-3%
$208,100
—
2012
$5,438
—
$208,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7317 Madison St
7317 Madison Street, Merrillville, IN 46410 (MLS# 847213) is a Commercial property. 7317 Madison Street is currently listed for $250,000 and was received on October 22, 2026. Want to learn more about 7317 Madison Street? Do you have questions about finding other Commercial real estate for sale in Merrillville? You can browse all Merrillville real estate or contact a Coldwell Banker agent to request more information.

