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Built-Out Flex Space
For Lease
$24 SF/Yr

9404 Margo Lane, Munster, IN 46321

Commercial Lease, Munster, IN

Space SizeContact for details
Lot Size2.33 Acres
Days on Market323

Property Features for 9404 Margo Lane

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Commercial
Parking features Garage, Driveway, Open, Off Street, Oversize
Security features Security Lighting
Exterior features Private Yard, Storage, Rain Gutters
Subdivision Providence Bank LLC
Lot features Paved, Rectangular Lot
Directions Calumet Ave to 45th St., West to Margo Lane, South to address.
Standard status Active
APN 450625300013000027
Size 13,382 SF
Lot size 2.33 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description PROVIDENCE BANK LLC (RESUB. OF LOT 2) LOT 3
Tax Annual Amount 78510
Legal Description PROVIDENCE BANK LLC (RESUB. OF LOT 2) LOT 3

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

reception area
conference room
break area
copy room
employee break room
full kitchen

Building Details

Year built 2017
Additional Structures Storage
Listing Agency: Realty Executives Premier · Realty Executives International
Listed By: William Kornblum · License #475167449
Added: Oct 10, 2025 Changed: Aug 19 Last Checked: Aug 28 at 6:06AM
MLS# 829199

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 13,382-square-foot flex space was built in 2017 and is configured for office and warehouse operations. The interior includes 10 private executive offices, 41 additional workspaces, a reception and waiting area, conference room, copy room, multiple restrooms, and an employee break room with a full kitchen. Furnishings, desks, chairs, cabinetry, and workstations are included. A shipping and warehouse area is positioned behind the office portion, with modern infrastructure throughout.

The property occupies 2.327 acres at 9404 Margo Lane in Munster, Indiana, within the Business Corridor and zoned CD-4B. On-site parking includes 63 spaces and 4 garage spaces. Public water and sewer serve the property, while forced-air heating uses natural gas. The location is approximately 3 miles from the Dyer station and less than 3 miles from the new Munster train station.

Key Highlights

  • 13,382‑square‑foot flex space on 2.327 acres
  • 10 private executive offices and 41 additional workspaces
  • Conference room with table seating 16 people

Property Analytics

Current Use

Payroc Corporate Office

Suggested Use

Top Pick Hair Salon HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

321
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46321, IN

23,894
Population
9,786
Households
2.4
Avg Household Size
45
Median Age
48%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
3,144
Density / Sq Mi
$105,764
Median Household Income
$57,796
Median Earnings
$1,480
Median Rent
$312,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Office and warehouse areas support executive offices, workstations, shipping, meetings, and employee amenities.
Where is this flex space located?
The property is located at 9404 Margo Lane Munster, IN.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 13,382‑square‑foot flex space on 2.327 acres; 10 private executive offices and 41 additional workspaces; Conference room with table seating 16 people
More about this property
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