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    745 Ridge Rd Munster, IN 46321

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    For Sale
    Contact for pricing

    3,880 SF restaurant on 0.37 acres with 77 parking spaces.

    Property size:
    3,880 SF
    Lot size:
    0.80 Acres

    Property Features for 745 Ridge Rd

    General Information

    Size
    3,880 SF
    Lot size
    0.80 Acres

    Source: Lee & Associates | Chicago Agent A. Rick Scardino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Restaurant on Ridge Road

    This 3,880 square foot freestanding restaurant, which includes a half basement, is situated on 0.37 acres. The property features 190 feet of frontage on Ridge Road and includes 77 parking spaces. The site is located in Munster, Indiana, near the Illinois/Indiana border, an upper middle-class suburb within the Chicago metropolitan area. Munster is recognized for high home ownership, convenient access to the Chicago metropolitan area, and low taxes. The property is located within close distance to retailers, schools such as St. Thomas More School and Munster High School, and Community Hospital. The location is in the CD-5 Urban Center Character District, and signage is available. Ridge Road sees 18,422 vehicles per day, while Calumet Avenue sees 34,411 vehicles per day. A South Shore train station extension is located approximately 0.5 miles from the site, and a new 500,000 square foot mixed-use development is planned in South Munster. The property is approximately a 30-minute drive to downtown Chicago and a 40-minute drive to Midway Airport. The property is suitable for restaurant or redevelopment. The property previously operated as a restaurant for over 30 years.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commander Restaurant Family Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.5097523
    Latitude
    41.5616602

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    FAQs

    What type of property is this?
    Restaurant - 3,880 SF restaurant on 0.37 acres with 77 parking spaces.
    Where is this restaurant located?
    The property is located at 745 Ridge Rd Munster, IN.
    What are key features of this property?
    This property features: - High-traffic location with 190' frontage on Ridge Road (18,422 VPD) near Calumet Avenue (34,411 VPD) and a signalized intersection.; - Existing 3,880 SF restaurant with half basement on 0.37 acres, including FF&E and naming rights available for sale or lease.; - Located in Munster, IN, a highly-rated (A+) and growing suburb of Chicago with low taxes and high home ownership.
    (708) 921-1044
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    745 Ridge Rd Munster, IN 46321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    745 Ridge Rd Munster, IN 46321
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