407 Ridge RdMunster, IN 46321

  • Commercial land
  • 1,984 SF
For Sale
$1,595,000 View listing

Property Details for 407 Ridge Rd

Year built
1900
Construction
WOOD FRAME
Lot size
0.49 AC
Property size (Sq ft)
1,984 SF
Property type
Commercial land
APN
45-06-24-204-005.000-027
APU
450624204005000027

Description

This exceptional Class A commercial property, located at 407 Ridge Rd, Munster, IN 46321, offers up to 2,900 square feet of newly constructed space, completed in December 2023. Situated at a prominent corner location on Ridge Road, near the new Munster Train Station, this property boasts high visibility and accessibility. The building features a single story with 20-foot ceilings and ample parking (40 spaces). The space is divisible, with a minimum leasable area of 1,340 square feet and a maximum contiguous space of 2,900 square feet. Multiple suites are available, making it suitable for a variety of uses, including traditional office, medical office, creative office, executive office, retail, and restaurant establishments. The property is zoned commercial and offers 3-phase power if required. This is an unparalleled opportunity to establish a presence in a thriving Northwest Indiana community within a main commercial corridor. The building's modern design and prime location make it an ideal choice for businesses seeking a high-profile address. Don't miss this chance to secure your space in this exceptional new development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $729,808
    Hospitality
    $668,500
    Educational
    $556,184
    Medical
    $575,312
    Retail
    $865,176
407 Ridge Rd, Munster, Indiana

Location Insight

City
Munster
County
Lake
State
Indiana
Latitude
41.5629
Longitude
-87.5182
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,193
$268,000
-
$268,000
-
$268,000
-
$268,000

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