745 Ridge RdMunster, IN 46321

Property Details for 745 Ridge Rd

Year built

1969

Construction

TYPE NOT SPECIFIED

Lot size

0.37 AC

Property size (Sq ft)

3,880 SF

Property type

Retail properties

Property subtype

Retail space

APN

45-06-24-276-016.000-027

APU

450624276016000027

Description

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.

Location Insight

City

Munster

County

Lake

State

Indiana

Latitude

41.5618

Longitude

-87.51

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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