Premium Munster Office/Medical
9404 Margo Lane, Munster, IN 46321
COMMERCIAL - Munster, IN
Type:Office
Property size:
14,534 SFLot size:
2.33 AcresPrice / SF:
$254/SF- Added:
- Jan 16, 2026
- Days on Market:
- 139
- Last Refresh:
- Jun 4 at 7:06 am
Property Features for 9404 Margo Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 450625300013000027
- Size
- 14,534 SF
- Lot size
- 2.33 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 78510
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick, Steel Siding
- Roof type
- Metal
Listing agent Bill Port (219) 405-3647
Listing office Realty Executives Premier Illinois 129 W Wesley St, Valparaiso, IN (630) 668-1199
Listing date Jan 16, 2026
MLS# 12548552
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turn‑key office/medical space featuring existing furnishings, 11 executive offices, and 50+ workstations.
- Prime location near the Indiana/Illinois border, close to Chicago, hospitals, and the Lansing, IL Municipal Airport (1 mile).
- Modern building (built in 2017) with high‑end finishes, including a reception area, conference room, and employee break room with full kitchen.
- Includes a 13,382 sq ft office building plus a 1,152 sq ft (4‑car) garage for a total of 14,534 sq ft of space.
- Convenient access to transportation, including proximity to the new South Shore commuter train stations (less than 3 miles) and 63 parking spaces plus 4 garage spaces.
- Zoned CD‑4B (Office/Medical/Mixed Use/Civic) with room for future expansion on the lot.
Overview
Located in Munster's business corridor near the Indiana/Illinois border, this property is zoned CD-4B for office, medical, mixed-use, and civic purposes. The property features a 13,382-square-foot office building and an additional 1,152-square-foot, 4-car garage, totaling 14,534 square feet. Constructed in 2017, the building includes 11 private executive offices, over 50 workstations, multiple restrooms, and an employee break room with a full kitchen. It also features a shipping and warehouse area. The building has an impressive reception and waiting area, a conference room that comfortably seats 16 people, and a modern break area. Sitting areas with charging stations are available for guests. The open workspace has modern decor and acoustical ceiling clouds. The property has 63 parking spaces in the exterior parking lot and 4 garage spaces. The building occupies only half of the usable 2.33-acre lot, allowing for future construction. It is located adjacent to 45th Street and Margo Lane, the entrance to West Lakes subdivision, and is minutes from three area hospitals. The Lansing, IL Municipal Airport is just 1 mile away. The new South Shore commuter train is nearly complete, with the property located 3 miles from the Dyer South Shore Commuter Train Station and less than 3 miles from the new Munster South Shore Train station. This is a turn-key opportunity, complete with all furnishings, desks, chairs, cabinetry, and workstations.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $376.7k | $25.92 |
| − Vacancy | −$37.7k | −$2.59 |
| EGI | $339.0k | $23.33 |
| − OpEx | −$135.6k | −$9.33 |
| NOI | $203.4k | $14.00 |
14,534 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.91M
$2.54M – $3.39M
NOI $203,429 @ 7.0% cap · market cap 5.50%
Second Best
Office B
$2.63M
$2.30M – $3.07M
NOI $184,358 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.73M
NOI $284,013 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Payroc
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Munster
- County
- Lake
- State
- Indiana
- Longitude
- -87.521617
- Latitude
- 41.534078
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Turn-key office/medical space in Munster's business corridor near Indiana/Illinois border.
Where is this office building located?
The property is located at 9404 Margo Lane Munster, IN.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Turn‑key office/medical space featuring existing furnishings, 11 executive offices, and 50+ workstations.; Prime location near the Indiana/Illinois border, close to Chicago, hospitals, and the Lansing, IL Municipal Airport (1 mile).; Modern building (built in 2017) with high‑end finishes, including a reception area, conference room, and employee break room with full kitchen.
