• Broker Mike Becze 2197360014

7005 Madison St 4,762 SF Retail Building Merrillville, IN 46410 $550,000 ($115.50/SF)

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EXECUTIVE SUMMARY

A hidden gem in Northwest Indiana!
2 Acres of scenic commercial property
Charming restaurant with multiple dining rooms and multiple cozy, semi-private seating areas
Expansive storage with vast upstairs loft and lower-level pantry and stockroom
Onsite special events space featuring gazebo and lush garden patio
Recent investments into numerous upgrades to physical structure
Newly expanded parking lot to accommodate increased business traffic

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,762 SF
Building Class
C
Year Built/Renovated
1937/2005
Price
$550,000
Price Per SF
$115.50
Building Height
1 Story
Building FAR
0.05
Lot Size
2.00 AC
Zoning
C-5
Parking
15 Spaces (3.15 Spaces per 1,000 SF Leased)
Frontage
175’ on Madison

AMENITIES

  • 24 Hour Access

ABOUT 7005 MADISON ST , MERRILLVILLE, IN 46410

The Merrillville Florist and Tea Room is a whimsical combination of flower shop, gift shop and tearoom. A magical place where dreams come together, whether it be in the design of the ideal custom floral arrangement from the flower shop, in finding the perfect gift in the gift shop, or in experiencing superb food and top notch service in the Tea Room. From the first moment you walk in the door, a warm feeling welcomes you, often compared to the feeling of a real life Hallmark movie. Twinkling lights, beautiful fresh blooms, genuine staff and friendly customers set the stage for an experience to remember from start to finish. The Merrillville Florist and Tea Room has been in existence for over 85 years. A historic institution to Northwest Indiana, the business has withstood the test of time. The expansive physical structure of the building has been constructed in stages, originating from a residential home, with the original owner's story dating back to selling flowers from her front yard. The business has a natural, vintage, back-home feeling. A Winchester House, some might call it, with lots of dips and turns and cozy spots giving natural character and charm that new business owners strive to replicate. The flower shop and gift shop were designed to give a nostalgic farmhouse feeling, with an exposed loft area complete with functioning drop down ladder, often an intriguing conversation starter with guests. Filled with beautiful, unique, high quality blooms, eclectic and locally-sourced gifts,  and gourmet chocolates and food items, there is plenty to see and shop. Hand painted touches surprise guests in various ways, whether it be in a lush corner of the outdoor garden patio, or a vintage piece of furniture, such as a wardrobe transformed into an intimate seating area in the Tea Room. Cozy touches and vintage decor define the Tea Room. The Merrillville Florist and Tea Room is a place to celebrate, whether it be an intimate on-site wedding on the garden patio, a special event such as a bridal or baby shower in the main dining room and fireside porch, a smaller birthday celebration in the Red Velvet Room or French Door Room, or a private lunch for 2 in one of the cozy nook seating areas. Multiple investments have been made into the heart and soul of the business over the last 5 years, increasing the Merrillville Florist and Tea Room footprint in Northwest Indiana. Successful social media accounts on multiple platforms draw new business patrons to the flower shop and Tea Room daily, and continue to grow increasingly popular in the Northwest Indiana and surrounding Chicagoland communities. Multiple features in the Times of Northwest Indiana, the Chicago Tribune, NPR Radio, and NBC News share the excitement of the one-of-a-kind environment, and invite guests to be part of something truly special. A breath of fresh air, a real-life dream, and unique business combination, to which nothing in Northwest Indiana compares.

LINKS

  • Flipbook

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
West 68th Place Adams St, E 2,799 2025 0.25 mi
West 68th Place Adams St, W 2,145 2025 0.25 mi
W 68th Pl Adams St, W 2,145 2024 0.27 mi
Broadway W 71st Pl, N 14,976 2025 0.33 mi
53 W 71st Pl, N 14,969 2024 0.33 mi
Madison Street Harrison St, NW 6,003 2025 0.34 mi
Madison St Harrison St, NW 6,019 2023 0.34 mi
Madison St W 75th Pl, S 6,117 2023 0.34 mi
Madison Street W 75th Pl, S 6,111 2025 0.34 mi
Local W 75th Pl, S 6,108 2024 0.34 mi

PROPERTY TAXES

Parcel Number 45-12-16-226-015.000-030 Improvements Assessment $111,400
Land Assessment $180,200 Total Assessment $291,600

PROPERTY TAXES

Parcel Number
45-12-16-226-015.000-030
Land Assessment
$180,200
Improvements Assessment
$111,400
Total Assessment
$291,600

MAP

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  • Listing ID: 33414274

  • Date on Market: 10/4/2024

  • Last Updated: 5/9/2025

  • Address: 7005 Madison St, Merrillville, IN 46410