10419 Calumet AveMunster, IN 46321

Property Details for 10419 Calumet Ave

Year built

2020

Construction

TYPE NOT SPECIFIED

Lot size

1.81 AC

Property size (Sq ft)

20,794 SF

Property type

Office properties

APN

45-07-31-351-033.000-027

APU

450731351033000027

Description

This exceptional Class A office/retail building in Munster, Indiana, offers 19,750 square feet of space, with 4,000 square feet currently available for lease. Built in 2019, this single-story building boasts a prime location at the corner of Calumet Avenue and Main Street, experiencing high traffic volume exceeding 80,000 vehicles daily. The property benefits from excellent visibility and proximity to numerous amenities, including CVS and Dunkin' Donuts. Its strategic location near the Indiana/Illinois state line ensures access to a high-income demographic. The building is situated in a thriving commercial area, alongside established businesses such as Kiddie Academy and Caravel Autism Health. Munster, a vibrant community in Lake County, is conveniently located just 30 miles from downtown Chicago and boasts a strong local economy supported by major employers like Community Hospital, a 458-bed facility with over 600 physicians, located within a 5-minute radius. This presents a unique opportunity for medical or general office users seeking a prestigious address in a high-growth area. The building's multiple tenancy allows for flexibility and diverse occupancy. This is an ideal space for businesses seeking a modern, well-located office or retail space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,682,599

  6.5%

  $6,168,553

  7%

  $5,727,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,708,418

  Geo Method

  $2,708,418

• Alternative Use

  Use

  Valuation

  Residential

  $7,649,006

  Hospitality

  $7,006,448

  Educational

  $5,829,282

  Medical

  $6,029,760

  Retail

  $9,067,773

Location Insight

City

Munster

County

Lake

State

Indiana

Latitude

41.5247

Longitude

-87.5074

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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