1650 45Th StMunster, IN 46321

Property Details for 1650 45Th St

Year built

1975

Construction

TYPE NOT SPECIFIED

Lot size

2.10 AC

Property size (Sq ft)

22,125 SF

Property type

Retail space

APN

45-07-32-103-001.000-027

APU

450732103001000027

Description

This exceptional commercial property, located at 1650 45th Street in Munster, Indiana, presents a unique investment opportunity. The building encompasses a substantial 22,000 square feet of office space, making it ideal for a variety of businesses or potential redevelopment. Situated on a generous 2.1-acre lot, the property offers ample parking and room for expansion. Its strategic location between Indianapolis Boulevard and Calumet Avenue provides excellent visibility and accessibility, ensuring high traffic flow and convenient access for employees and clients. This is a first-time offering, presenting a rare chance to acquire a well-positioned commercial building in a thriving Munster market. The property's size and location make it suitable for a wide range of uses, from corporate offices to medical facilities or other commercial ventures. The substantial lot size also allows for future expansion or development possibilities. Serious inquiries are encouraged to explore this significant commercial real estate opportunity. The asking price is $2,750,000. This represents a compelling investment in a high-demand area with strong growth potential. Don't miss this chance to own a prime commercial property in Munster, Indiana.

• CAP approach

  CAP return

  Valuation

  6%

  $10,452,206

  6.5%

  $9,648,190

  7%

  $8,959,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,262,089

  Geo Method

  $7,262,089

• Alternative Use

  Use

  Valuation

  Residential

  $8,138,610

  Hospitality

  $7,454,922

  Educational

  $6,202,408

  Medical

  $6,415,718

  Retail

  $9,648,190

Location Insight

City

Munster

County

Lake

State

Indiana

Latitude

41.5368

Longitude

-87.4879

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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