Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical Office Space For Rent Title is generated by Realmo AI

    8840 Calumet Ave, Munster, IN 46321

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical office space available for rent near Community Hospital.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 11:59 pm

    Property Features for 8840 Calumet Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Ryan Peters
    Ryan Peters

    Listing agent Ryan Peters License #RB14047099

    Listing office StreetFront, LLC

    Listing date Mar 6, 2026

    Source Streetfrontre

    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 StreetFront, LLC

    HighLights

    • Prime location directly across the street from Munster Community Hospital
    • Flexible timeshare options available for 2 or 4‑5 days a week
    • Includes a dedicated private office, large waiting room, and multiple exam rooms
    • Full‑time reception service included
    • Ample space for support staff at the nurses' station
    • Large parking lot with great visibility and accessibility

    Overview

    This medical office space, featuring attractive finishes, is available for timeshare opportunities in Lake County, situated across from Munster Community Hospital. Flexible options are available for 2 days or 4-5 days a week. The layout includes a full-time reception area, a private office, a large waiting room, and multiple exam rooms. A spacious nurses' station provides ample room for additional support staff. The property is located at the corner of Calumet Avenue and Fisher Street, offering convenient access, great visibility, and a large parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hospital De Pulmon Hospital Cosmetic Dentistry-Lake County Dental Office St John Therapy ... Physician Wosiak Ewelina Physician Mark T Lucas, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.5095
    Latitude
    41.5521

    Nearby Similar for Lease

    • 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
      1,150 SF

      Turnkey Office Space Available

      Well-maintained office building with flexible layouts and visible signage.
      131 Ridge Rd., 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
    • $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
    • 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
    • Contact for pricing
      173,000 SF

      Retail Space in Calumet Center

      Endcap retail space in a Target-anchored shopping center.
      7959 Calumet Ave, Munster, IN 46321
      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?
    Medical Office Space - Medical office space available for rent near Community Hospital.
    Where is this medical office space located?
    The property is located at 8840 Calumet Ave Munster, IN.
    What are key features of this property?
    This property features: Prime location directly across the street from Munster Community Hospital; Flexible timeshare options available for 2 or 4‑5 days a week; Includes a dedicated private office, large waiting room, and multiple exam rooms
    (219) 510-3720
    We can help!
    Listing Contact
    Ryan Peters
    Ryan Peters
    Real Estate License ID: RB14047099
    Learn More
    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
    8840 Calumet Ave, 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!