Munster Investment Property For
For Sale
Contact for pricing
303 Ridge Rd, Munster, IN
Rare investment opportunity near South Shore Train Station in Munster.
Property Size4,048 SF
Lot Size0.20 Acres
Price / SF$158.10
Days on Market438
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 · License #RB14027471
(219) 836-2400
Source:
Moodyscre
Added: Aug 1, 2025
Changed: Oct 11
Last Checked: Oct 11 at 8:37AM
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
Estimated NOI and Cap Rate
NOI / Yr
$51,347
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,940
$1.0M
Cap Rate 7%
$733,529
$733.5K
Cap Rate 9%
$570,522
$570.5K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$87.4K $21.60/SF
− Vacancy
−$19.0K −$4.69/SF
EGI
$68.5K $16.91/SF
− OpEx
−$17.1K −$4.23/SF
NOI
$51.3K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,940
Cap Rate 7%
$733,529
Cap Rate 9%
$570,522
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
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Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in Midwest region
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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
