Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    745 Ridge Rd Munster, IN 46321

    Sponsored
    For Sale
    Contact for pricing

    Established Restaurant, High Traffic Area

    Property size:
    3,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant opportunity in Munster, Indiana, presents a unique chance for ownership or lease. The 3,880-square-foot, single-story building sits on a 0.37-acre lot with 77 parking spaces and boasts 190 feet of frontage on heavily trafficked Ridge Road, near its intersection with Calumet Avenue. The property includes a half basement and is zoned CD-5 Urban Center Character District. The location offers significant advantages, including proximity to the South Shore Line extension (half a mile away) and a new 500,000-square-foot mixed-use development in South Munster. Munster itself is a thriving community with high household incomes and property values, making it an attractive location for businesses. The property benefits from excellent visibility and accessibility, with high daily traffic volume on both Ridge Road (18,422 vehicles per day) and Calumet Avenue (34,411 vehicles per day). The low Indiana real estate taxes ($11,446.84) further enhance the investment potential. The property's location offers easy access to downtown Chicago (30-minute drive) and Midway Airport (40-minute drive). Nearby amenities include St. Thomas More School, Munster High School, and Community Hospital. A monument sign is available. This established restaurant, operating for over 30 years, offers the opportunity to acquire the business, fixtures, furniture, and equipment (FF&E), and naming rights. The property is offered for both sale and lease. The APN is 45-06-24-276-016.000-027.

    Property Features for 745 Ridge Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,880 SF
    Lot Size
    16,117 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 3,880 SF free‑standing restaurant building with a half basement on a 0.37‑acre lot.
    • 77 parking spaces.
    • 190 feet of frontage on Ridge Road, near its intersection with Calumet Avenue.
    • Located in Munster, Indiana, a town with high household incomes and property values.
    • 30‑minute drive to downtown Chicago; 40‑minute drive to Midway Airport.
    • Half‑mile from the South Shore Line extension and a new 500,000 SF mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commander Restaurant Family Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -87.50992355
    Latitude
    41.56135368

    Nearby Comparable

    • Contact for pricing
      3,880 SF

      Freestanding Restaurant on Ridge Road

      3,880 SF restaurant on 0.37 acres with 77 parking spaces.
      745 Ridge Rd, Munster, IN 46321
      View Details
    • $800,000

      Munster Commercial Land - 2 Acres

      Prime Munster location, high traffic, development ready.
      710 Ridge Rd, Munster, IN 46321
      View Details
    • $700,000

      Commercial Land on Ridge Road

      Commercial land ideal for retail, restaurants, or office uses.
      710 Ridge Rd, Munster, IN 46321
      View Details
    • $1,595,000
      2,900 SF

      Munster Commercial Building For Sale

      New 2,900 SF Mixed-Use Property
      407 Ridge Rd, Munster, IN 46321
      View Details
    • $640,000
      4,048 SF

      Munster Investment Property For Sale

      Rare investment opportunity near South Shore Train Station in Munster.
      303 Ridge Rd, Munster, IN 46321
      View Details
    • $250,000

      Comfortable Condo with Modern Amenities

      Three-bedroom condo with pool, putting green, and heated garage.
      8750 Harrison Ave, Munster, IN 46321
      View Details
    • $499,000
      4,722 SF

      Mixed-Use Building on Ridge Road

      4,722 SF Munster building with retail, office, and apartment.
      27 Ridge Rd, Munster, IN 46321
      View Details
    • $150,000
      1,362 SF

      Lansing, IL Office Building - $150K

      1,362 SF Office, High Traffic Area, Redevelopment Potential
      3678 Ridge Rd, Lansing, IL 60438
      View Details
    • $150,000
      1,790 SF

      Lansing, IL Office Complex

      Prime location, two buildings, high traffic.
      3674 Ridge Rd, Lansing, IL 60438
      View Details
    • $189,900

      Lansing Two-Unit Income Property

      Two-unit residential income property in downtown Lansing.
      3627 Ridge Rd, Lansing, IL 60438
      View Details
    • $164,900

      Spacious Condo with Water Views

      Charming condo with pond and lake views from private balcony.
      3640 186Th St, Lansing, IL 60438
      View Details
    • $385,000
      0.11 Acres

      Lansing Mixed-Use Investment Opportunity

      Updated mixed-use property with residential and commercial units for sale.
      3601 Ridge Rd, Lansing, IL 60438
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      3,880 SF

      Freestanding Restaurant on Ridge Road

      3,880 SF restaurant on 0.37 acres with 77 parking spaces.
      745 Ridge Rd, Munster, IN 46321
      View Details
    • $3,300,000
      61,500 SF

      Commercial Office Condominium Opportunity

      Located in a rapidly developing commercial corridor on Calumet Avenue.
      9410 Calumet Ave, Munster, IN 46321
      View Details
    • $250,000

      Comfortable Condo with Modern Amenities

      Three-bedroom condo with pool, putting green, and heated garage.
      8750 Harrison Ave, Munster, IN 46321
      View Details
    • $129,900
      1,714 SF

      Munster Townhome with Remodel Potential

      Townhome in Munster, 2 bedrooms, 2 baths, remodel potential.
      905 Westminster Ln, Munster, IN 46321
      View Details
    • $4,950,000
      29,754 SF

      Versatile Commercial Building on Calumet

      30,372 SF building on 3.77 acres, ideal for various uses.
      10350 Calumet Ave, Munster, IN 46321
      View Details
    • $499,000
      4,722 SF

      Mixed-Use Building on Ridge Road

      4,722 SF Munster building with retail, office, and apartment.
      27 Ridge Rd, Munster, IN 46321
      View Details
    • $640,000
      4,048 SF

      Munster Investment Property For Sale

      Rare investment opportunity near South Shore Train Station in Munster.
      303 Ridge Rd, Munster, IN 46321
      View Details
    • $389,000
      1,500 SF

      Maple Leaf Crossing Office Condo

      Modern 1,500 SF Office Condo in Munster, IN
      9410 Calumet Ave, Munster, IN 46321
      View Details
    • $1,595,000
      2,900 SF

      Munster Commercial Building For Sale

      New 2,900 SF Mixed-Use Property
      407 Ridge Rd, Munster, IN 46321
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 745 Ridge Rd Munster, IN.
    What are key features of this property?
    This property features: 3,880 SF free-standing restaurant building with a half basement on a 0.37-acre lot.; 77 parking spaces.; 190 feet of frontage on Ridge Road, near its intersection with Calumet Avenue.
    Request Owner's contact information
    745 Ridge Rd Munster, IN 46321
    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.
    745 Ridge Rd
    Munster, IN 46321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    745 Ridge Rd Munster, IN 46321
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.