Address
8031-8045 Euclid Avenue Munster, IN
Price
$ 750,000
Property Attributes
- MLS#490402
- TypeCommercial
- CountyLAKE
- CityMunster
- Zip46321
- StyleOffice
- Price$ 750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6500
- Lot Size0.8 Acres
Listing Provided Courtesy Of:
Justin Berggren with Listing Leaders
Data Source:
Greater Northwest Indiana Association of REALTORS
Property Description
6 Unit 6500 SF Office Building For Sale with Space For Lease in Munster, Indiana close to Chicago. This newly renovated office building is located on the ILIN border and is turn key ready for a variety of retail and office applications.The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.Located just one block east of Calumet Ave and two blocks south of 80-94 Expressway. Located in a quiet setting, but close to commercial zone with national anchors and good traffic.
| Price History | |
|---|---|
| 3/31/2021 | Listed $750,000 |
General Features
| Exterior Features | Brick |
|---|---|
| Property SubType | Office |
| Property Type | Commercial |
| Subdivision Name | None |
| Transaction Type | Sale |
| Year Built | 1983 |
Interior Features
| Living Area | 6500.00 |
|---|
Exterior Features
| Lot Size Square Feet | 34848.00 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 46321
Price
Year Built
Walkscore
Greater Northwest Indiana Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
