For Sale
$975,000

901 Fran-Lin PkwyMunster, IN 46321

High-Yield Medical Office in Munster, IN

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional investment opportunity presents a 3,000 square foot Class B medical office building in Munster, Indiana. Currently 100% occupied by P1 Dental Partners, a reputable Dental Partnership Organization with over 50 locations across Indiana and surrounding states, this property offers a strong 7.38% cap rate and a substantial $72,000 annual net operating income (NOI). The building, constructed in 1990, is situated on a single story and features ample parking with 102 spaces. The lease agreement includes a six-year initial term with two five-year renewal options, each featuring a 3.00% annual rent increase. Located in a desirable medical/office park, just blocks from Community Hospital (ranked #4 in Indiana), and minutes from the Illinois border, this property benefits from a prime location and strong tenant occupancy. The property is a condo unit within a four-unit condo association, with the address being 901 Fran-lin Pkwy, Munster, IN 46321, and APN 45-07-30-153-001.000-027. The asking price is $975,000. This is a net lease investment with a CD-4.A permitted zoning classification. The property's strong tenant, favorable lease terms, and excellent location make it an attractive investment prospect.

Property Details for 901 Fran-Lin Pkwy

Property type
Office properties, Medical offices
Square Feet
3,000 SF
Class
B
Year Built
1990
Buildings
1
Stories
1

Location Insight

City
Munster
County
Lake
State
Indiana
Latitude
41.5469831
Longitude
-87.506764
901 Fran-Lin Pkwy, Munster, Indiana

FAQs

What type of property is this?
Office property - High-Yield Medical Office in Munster, IN
Where is the office property located?
The property is located at 901 Fran-Lin Pkwy Munster, IN.
What is the asking price?
The asking price for this property is $975,000.
How can I contact the broker?
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901 Fran-Lin Pkwy
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