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    407 Ridge Rd Munster, IN 46321

    Sponsored
    For Sale
    $1,595,000

    New 2,900 SF Mixed-Use Property

    Property size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional, brand-new, single-story Class A commercial building, located at 407 Ridge Road in Munster, Indiana, presents a unique investment opportunity. Boasting 2,900 square feet of vacant, net rentable space, this property is ideally suited for a variety of uses, including franchise restaurants, medical offices, or retail establishments. The building features a desirable 20+ foot ceiling height, a slab floor, and insulated walls, ensuring both functionality and energy efficiency. Ample parking is provided with 45 on-site surface spaces. Situated on a 0.495-acre lot with Commercial zoning, this property benefits from its prime location at the stoplight for the upcoming Munster Train Station, ensuring high visibility and accessibility. The building is ready for immediate occupancy, with a completion date of June 3, 2024. Offered at $1,595,000 ($550 per square foot), this value-add investment presents a compelling opportunity for owner-users seeking a modern, versatile space in a thriving location. The property is for sale by owner.

    Property Features for 407 Ridge Rd

    General Information

    Property type
    Medical space
    Square Feet
    2,900 SF
    Class
    A
    Lot Size
    21,562 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • New 2,900 SF Class A commercial building for sale at 407 Ridge Road, Munster, IN.
    • Located at a stoplight for the upcoming Munster Train Station, offering high visibility.
    • Features 20'+ ceilings, slab floor, insulated walls, and 45 surface parking spaces.
    • Zoned commercial, situated on a 0.495‑acre lot.
    • Priced at $1,595,000 ($550/SF), ready for immediate occupancy (completion date: June 3, 2024).
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -87.518399739112
    Latitude
    41.562505540282

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    FAQs

    What type of property is this?
    Medical space - New 2,900 SF Mixed-Use Property
    Where is this medical space located?
    The property is located at 407 Ridge Rd Munster, IN.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: New 2,900 SF Class A commercial building for sale at 407 Ridge Road, Munster, IN.; Located at a stoplight for the upcoming Munster Train Station, offering high visibility.; Features 20'+ ceilings, slab floor, insulated walls, and 45 surface parking spaces.
    (312) 656-1689
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    407 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
    407 Ridge Rd Munster, IN 46321
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