7317 Madison Street Merrillville, IN ^$ 250,000

7317 Madison Street

^$ 250,000

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Recently Listed

7317 Madison Street

Merrillville, IN, 46410

^$ 250,000

Bedrooms-- Baths-- Sq 3,400

Monthly Estimate*

^$ 1,727

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Commercial Property for sale in Merrillville, IN

for $250,000. This 3,400 square foot building was built in 1942 on a lot size of 0.477.

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

Commercial Active

Price

^$ 250,000

Property Type

Commercial

Taxes

^$ 2,184

Style

Mixed Use

Lot Size

0.477

Year Built

1942

Town/City

Merrillville

County/Region

Lake

MLS | Web ID

847213

Features

General

Sewer Public Sewer

Heating Other

Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected Natural Gas Available

Appliances Dishwasher Stainless Steel Appliance(s) Refrigerator Microwave Gas Range

Year Built 1942

Electric Other

Township Ross

Property Subtype Mixed Use

Tax Year 2024

County Lake

Property Type Commercial Sale

Building Features Mixed Use

Status Active

Directions Take US 30 East Turn North on Merrillville Road which becomes Madison for 1-mile

City Merrillville

Lot Size Square Feet 20778

Listing Terms Cash Conventional

Tax Annual Amount 2184

Standard Status Active

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

Exterior

Exterior Amenities Other

Water Source Public

Total Parking 2

Lot Size Acres 0.477

Lot Size Source Assessor

Waterfront Y/N N

Interior

Laundry Features Gas Dryer Hookup Washer Hookup Sink Laundry Room

* Excluded Features

List By

Michael Becze

Listing Agent

Mccolly Real Estate

Broker

mikebecze@mccolly.com

Affordability Calculator

$1,909

Per Month

Monthly Principal & Interest: $1,727
Monthly Property Taxes: $182
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Merrillville, IN

Average List Price ^$384,960

Percent of Sale Price 54%

About Merrillville, IN

37,313 Population

20% Since 2002

^$52,125 Median Income

37.92 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/22/2026	$250,000		Listed Price

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7317 Madison Street, Merrillville, IN, 46410 is a Commercial Property for sale at $250,000 with 3,400 sqft and a lot size of 0.477. 7317 Madison Street was built in 1942. The property's zip code is 46410 which is in Merrillville, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/22/2026.

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7317 Madison Street

Commercial Property for sale in Merrillville, IN

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