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    417-435 Ridge Rd Munster, IN 46321

    Sponsored
    For Lease
    $12 SF/Yr ($18,098 /Mo)

    Munster, IN Office & Retail Space Available

    Lot size:
    18,098 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Harrison Ridge, located at 417-435 Ridge Road in Munster, Indiana, presents a unique investment opportunity. This property, situated on a 0.91-acre lot in Lake County's North Township submarket, comprises two Mansard-style buildings totaling 18,098 square feet. Built in 1979, the property offers a blend of retail and executive office space, currently featuring multiple tenancies. There are 4,750 square feet of vacant space immediately available, divisible into units as small as 1,250 square feet, with a maximum contiguous space of 3,500 square feet. The flexible space allows for a variety of uses, catering to businesses seeking smaller executive office suites or larger retail spaces. The prominent location at the well-lit intersection of Ridge and Harrison Roads provides excellent visibility and accessibility for businesses. The property's classic architectural style adds to its curb appeal and creates a welcoming atmosphere for tenants and customers. This is an exceptional opportunity to acquire a well-positioned property in a thriving Indiana community. The available space offers a chance to establish a presence in a high-traffic area with strong potential for growth. The property's size and layout provide flexibility for various business needs, making it an attractive option for both established companies and startups.

    Property Features for 417-435 Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,098 SF
    Total Rate
    18098

    Building Details

    Year Built
    1979

    Unit(s) available at that property

    Space
    435 E
    Size
    1,500 SF
    Rate per SF
    $19
    Space
    419B
    Size
    1,250 SF
    Rate per SF
    $14
    Space
    419 G-J
    Size
    2,700 SF
    Rate per SF
    $12
    Space
    419 C-D
    Size
    3,500 SF
    Rate per SF
    $13
    Space
    417 A-C
    Size
    4,620 SF
    Rate per SF
    $19

    HighLights

    • 7,650 SF of commercial space available.
    • High‑visibility corner location at Ridge Rd. and Harrison Rd. with signalized intersection.
    • Retail space on the ground floor and office space on the second floor.
    • Two mansard‑style buildings with a landscaped courtyard.
    • Ample private parking.
    • Excellent location near Munster High School and Community Hospital, in a revitalized area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.51769814
    Latitude
    41.56277101

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    FAQs

    What type of property is this?
    Office Property / Space - Munster, IN Office & Retail Space Available
    Where is this office property / space located?
    The property is located at 417-435 Ridge Rd Munster, IN.
    What is the lease rate?
    The lease rate is $12-$19 SF/Yr.
    What are key features of this property?
    This property features: 7,650 SF of commercial space available.; High-visibility corner location at Ridge Rd. and Harrison Rd. with signalized intersection.; Retail space on the ground floor and office space on the second floor.
    Request Owner's contact information
    417-435 Ridge Rd Munster, IN 46321
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    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
    417-435 Ridge Rd Munster, IN 46321
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