Turnkey Office and Warehouse
9404 Margo Lane Munster, IN 46321
For Sale
$3,200,000
Turnkey office and shipping/warehouse setup with private offices, workstations, and a 4-car garage for storage.
Property Size14,534 SF
Price / SF$220.17
Days on Market189
Property Features for 9404 Margo Lane
General Information
- Standard status
- Active
- Size
- 14,534 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing Agency:
Realty Executives Premier Illinois
(630) 668-1199
Listed By:
Bill Port
(630) 668-1199
Source:
Birdrealtysells
Added: Jan 16
Changed: Jul 24
Last Checked: Jul 24 at 3:59AM
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 Realty Executives Premier Illinois
Investment Insights
Based on property information with market context.
This for-sale premium office or medical space includes a built-out office component and a shipping/warehouse area, fully furnished with desks, chairs, cabinetry, and workstations. The layout features 11 private executive offices plus more than 50 additional workspaces, along with reception and waiting areas, a conference room that seats 16, and multiple break and restroom areas. A copy room supports the open work area, while the back-of-house includes shipping and warehouse space.
The property also has an additional 48' x 24' garage that provides four garage spaces and added storage. The office building was built in 2017 with modern infrastructure, and the building footprint covers only half of the usable lot, leaving room for future development.
Zoned CD-4B for office, medical, mixed use, and civic uses, the facility is located in Munster’s business corridor near the Indiana/Illinois border. It sits adjacent to 45th Street and Margo Lane and is minutes from three area hospitals, with nearby South Shore commuter train stations listed as within about three miles.
The property also has an additional 48' x 24' garage that provides four garage spaces and added storage. The office building was built in 2017 with modern infrastructure, and the building footprint covers only half of the usable lot, leaving room for future development.
Zoned CD-4B for office, medical, mixed use, and civic uses, the facility is located in Munster’s business corridor near the Indiana/Illinois border. It sits adjacent to 45th Street and Margo Lane and is minutes from three area hospitals, with nearby South Shore commuter train stations listed as within about three miles.
Key Highlights
- 2017‑built 13,382 SF office building with adjacent 48' x 24' (4‑car) garage adding 1,152 SF storage (total 14,534 SF)
- Completely built‑out office/medical layout with 11 private executive offices and 50+ additional workspaces/workstations
- Conference room seats up to 16 and includes a modern break area; open work area features acoustical ceiling clouds and a copy room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $313.9k | $21.60 |
| − Vacancy | −$68.1k | −$4.69 |
| EGI | $245.8k | $16.91 |
| − OpEx | −$61.5k | −$4.23 |
| NOI | $184.4k | $12.68 |
14,534 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,358 @ 7.0% cap · market cap 5.76%
Second Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,387 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.73M
NOI $284,013 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Payroc
Corporate Office
FAQs
What type of property is this?
Flex space - Turnkey office and shipping/warehouse setup with private offices, workstations, and a 4-car garage for storage.
Where is this flex space located?
The property is located at 9404 Margo Lane Munster, IN.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 2017‑built 13,382 SF office building with adjacent 48' x 24' (4‑car) garage adding 1,152 SF storage (total 14,534 SF); Completely built‑out office/medical layout with 11 private executive offices and 50+ additional workspaces/workstations; Conference room seats up to 16 and includes a modern break area; open work area features acoustical ceiling clouds and a copy room
