This exceptional two-story, 6,700-square-foot executive office building is ideally situated in a thriving medical and professional district, just half a mile south of Community Hospital. Currently configured as a single-tenant space, this turnkey property offers immediate occupancy. The space is divisible, with a minimum of 3,350 square feet available. Internal stairs connect the two floors, each approximately 3,350 square feet, including a pro-rata share of common areas such as hallways, elevators, and restrooms. Each floor boasts its own reception area, enhancing privacy and functionality. The first floor features four offices, five workstations, men's and women's restrooms, a copy room, and a kitchen. The second floor includes a reception area, three offices, two large conference rooms, and a kitchen. Utilities are included in the rent, with NNN expenses covering the tenant's pro-rata share of maintenance, landscaping, snow removal, etc. Janitorial services are the tenant's responsibility. The building enjoys a high-traffic location on the east side of Calumet Avenue, two miles south of the I-80/94 highway exit, with approximately 34,411 cars passing daily. Nearby amenities include the Lake Business Center, Maple Leaf Crossing (a new professional office and retail development), and Centennial Village (high-end retail and office space). The property is 28 miles from Chicago and offers excellent accessibility for medical and professional tenants. The 1.26-acre lot houses a Class B, two-story building with an elevator.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$7,406,962
Hospitality
$6,784,738
Educational
$5,644,822
Medical
$5,838,956
Retail
$8,780,834
Location Insight
City
Munster
County
Lake
State
Indiana
Latitude
41.5448
Longitude
-87.5085
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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