Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turnkey Office Space Available Title is generated by Realmo AI

    131 Ridge Rd., Munster, IN 46321

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Well-maintained office building with flexible layouts and visible signage.

    Type:Office
    Property size:
    1,150 SF
    Added:
    Apr 8, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 1 at 11:39 am

    Property Features for 131 Ridge Rd.

    General Information

    Standard status
    Active
    Size
    1,150 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 131 Ridge Rd. Contact us

    We can help!

    Listing Contact
    Antony Miocic
    Antony Miocic

    Listing agent Antony Miocic License #IN #RB16000975

    Listing office Latitude Commercial

    Listing date Apr 8, 2026

    Source Latitudeco

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

    All listing content including descriptions, pricing, images are the copyrighted material of Latitude Commercial

    HighLights

    • Excellent location at the intersection of Hohman Ave and Ridge Rd, near the state line.
    • Visible signage directly on Ridge Road.
    • Turnkey 1,150sf office space for lease.
    • Current layout includes two private offices, reception, kitchenette, and spacious bullpen area.
    • Ample parking available.
    • Well‑maintained building.

    Overview

    This property offers 1,150 square feet of turnkey office space for lease in a well-maintained building. The current layout includes two private offices, a reception area, a kitchenette, and a spacious bullpen. An additional 500-square-foot open-concept unit is available on the lower level. The property is situated on the northwest corner of Ridge Road and Hohman Avenue, providing access from both streets. Visible signage on Ridge Road and ample parking enhance the location's suitability for office use. The location is near the state line at the intersection of Hohman Avenue and Ridge Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    AAA Dental Care Dental Office American Choice Home ... Home Health Care Service National Technical Support, ... Tech Support Center Select Asset Management ... Financial Advisor Ridge Road Kirsch ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.523404
    Latitude
    41.56329

    Nearby Similar for Lease

    • $1,038/Mo
      29,998 SF

      Munster Commercial Space For Rent

      Multiple units available near the new South Shore train station.
      435 Ridge Road, Munster, IN 46321
      View Details
    • Sponsored
      Contact for pricing

      IN, Munster - N Centennial Dr

      9601 Centennial Dr, Munster, IN 46321
      View Details
    • $12 SF/Yr
      7,605 SF

      Munster Retail and Office Space

      Retail and office space available in Munster's commercial district.
      417-435 Ridge Rd., Munster, IN 46321
      View Details
    • Contact for pricing
      3,630 SF

      Calumet Avenue Retail Space Available

      New construction retail space in Munster's retail district.
      8130 Calumet Ave, Munster, IN 46321
      View Details
    • Contact for pricing
      1,200 SF

      Calumet Avenue Office Space Available

      Office space for lease near I-80/94 and new development.
      8146 Calumet Ave, Munster, IN 46321
      View Details
    • Contact for pricing
      1,080 SF

      Turnkey Office Space Available

      1,080 SF office space for lease in Munster, IN.
      27 Ridge Rd, Munster, IN 46321
      View Details
    • $21 SF/Yr
      4,536 SF

      Turnkey Office Space Available

      Class A office space for rent on Calumet Avenue.
      10120 Calumet Ave, Munster, IN
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available for rent near Community Hospital.
      8840 Calumet Ave, Munster, IN 46321
      View Details
    • Contact for pricing
      30,372 SF

      Calumet Avenue Commercial Building

      30,372 SF building ideal for medical, office, or retail.
      10350 Calumet Ave, Munster, IN 46321
      View Details
    • $14 SF/Yr
      3,031 SF

      Functional Warehouse Space Available

      Warehouse space with drive-in doors, office, and restroom.
      620 Progress Ave, Munster, IN
      View Details
    • $12 SF/Yr
      1,200 SF

      Calumet Avenue Office Space Available

      1200 SF office space for rent on Calumet Avenue.
      8144-8148 Calumet Ave, Munster, IN
      View Details
    • $700/Mo
      1,666 SF

      Renovated High-Tech Munster Office Space

      Newly renovated office space in Munster, close to amenities.
      9245 Calumet Ave, Munster, IN
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office building with flexible layouts and visible signage.
    Where is this office units located?
    The property is located at 131 Ridge Rd. Munster, IN.
    What are key features of this property?
    This property features: Excellent location at the intersection of Hohman Ave and Ridge Rd, near the state line.; Visible signage directly on Ridge Road.; **Turnkey 1,150sf office space for lease.**
    (317) 658-5005
    We can help!
    Listing Contact
    Antony Miocic
    Antony Miocic
    Real Estate License ID: IN #RB16000975
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    131 Ridge Rd., Munster, IN 46321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!