Munster Investment Property For
303 Ridge Rd Munster, IN
For Sale
Contact for pricing
Rare investment opportunity near South Shore Train Station in Munster.
Property Size4,048 SF
Lot Size0.20 Acres
Price / SF$158.10
Days on Market363
Property Features for 303 Ridge Rd
General Information
Standard status
Active
Size
4,048 SF
Lot size
0.20 Acres
Property subtype
OFFICE
Listing Agency:
Diversified Commercial Real Estate
(219) 836-4740
Listed By:
Dennis Larson
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:53AM
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 Diversified Commercial Real Estate
Investment Insights
Based on property information with market context.
This Munster investment property offers 4,048 square feet of space. The property benefits from its proximity to the South Shore Train Station, located just 100 yards away. It includes 20 parking spaces.
Key Highlights
- Rare Munster Investment Property
- 20 Parking Spaces available
- Just 100 Yards From South Shore Train Station
Financial Insights For Office B
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 | $87.4k | $21.60 |
| − Vacancy | −$19.0k | −$4.69 |
| EGI | $68.5k | $16.91 |
| − OpEx | −$17.1k | −$4.23 |
| NOI | $51.3k | $12.68 |
4,048 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$733.5K
$641.8K – $855.8K
NOI $51,347 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$988.8K – $1.32M
NOI $79,103 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Rare investment opportunity near South Shore Train Station in Munster.
Where is this office building located?
The property is located at 303 Ridge Rd Munster, IN.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Rare Munster Investment Property; 20 Parking Spaces available; Just 100 Yards From South Shore Train Station
