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745 Ridge Rd Munster, IN 46321

Established Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional restaurant opportunity in Munster, Indiana, presents a unique chance for ownership or lease. The 3,880-square-foot, single-story building sits on a 0.37-acre lot with 77 parking spaces and boasts 190 feet of frontage on heavily trafficked Ridge Road, near its intersection with Calumet Avenue. The property includes a half basement and is zoned CD-5 Urban Center Character District. The location offers significant advantages, including proximity to the South Shore Line extension (half a mile away) and a new 500,000-square-foot mixed-use development in South Munster. Munster itself is a thriving community with high household incomes and property values, making it an attractive location for businesses. The property benefits from excellent visibility and accessibility, with high daily traffic volume on both Ridge Road (18,422 vehicles per day) and Calumet Avenue (34,411 vehicles per day). The low Indiana real estate taxes ($11,446.84) further enhance the investment potential. The property's location offers easy access to downtown Chicago (30-minute drive) and Midway Airport (40-minute drive). Nearby amenities include St. Thomas More School, Munster High School, and Community Hospital. A monument sign is available. This established restaurant, operating for over 30 years, offers the opportunity to acquire the business, fixtures, furniture, and equipment (FF&E), and naming rights. The property is offered for both sale and lease. The APN is 45-06-24-276-016.000-027.

Highlights

  • 3,880 SF free-standing restaurant building with a half basement on a 0.37-acre lot.
  • 77 parking spaces.
  • 190 feet of frontage on Ridge Road, near its intersection with Calumet Avenue.
  • Located in Munster, Indiana, a town with high household incomes and property values.
  • 30-minute drive to downtown Chicago; 40-minute drive to Midway Airport.
  • Half-mile from the South Shore Line extension and a new 500,000 SF mixed-use development.

Property Details for 745 Ridge Rd

Property type
Retail properties, Restaurants
Square Feet
3,880 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Munster
County
Lake
State
Indiana
Latitude
41.56135368
Longitude
-87.50992355

FAQs

What type of property is this?
Retail property - Established Restaurant, High Traffic Area
Where is the retail property located?
The property is located at 745 Ridge Rd Munster, IN.
What are key features of this property?
This property features: 3,880 SF free-standing restaurant building with a half basement on a 0.37-acre lot.; 77 parking spaces.; 190 feet of frontage on Ridge Road, near its intersection with Calumet Avenue.
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745 Ridge Rd
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