9404 Margo Lane Munster, IN 46321
COMMERCIAL - Munster, IN
Property Features for 9404 Margo Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 64
- Parking features
- Off Street, Garage
- Interior features
- Ceiling Fan(s), Vaulted Ceiling(s), Recessed Lighting, Open Floorplan, Kitchen Island, High Ceilings, Granite Counters, Eat-in Kitchen
- Exterior features
- Private Yard, Storage, Rain Gutters
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Built-In Gas Range, Stainless Steel Appliance(s), Range Hood, Refrigerator, Range, Microwave, Gas Range, Gas Cooktop, Dishwasher
- Standard status
- Active
- APN
- 450625300013000027
- Size
- 14,534 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2017
- Additional Structures
- Storage
Listing agent William Kornblum License #475167449 (219) 308-9629
Listing office Realty Executives Premier 21 E. US Highway 30, Valparaiso, IN (219) 462-2224
Listing date Jan 12, 2026
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.
The building is located in Munster’s Business Corridor, adjacent to 45th Street and Margo Lane (the entrance to West Lakes subdivision). The site is approximately 0.3 miles from the Indiana/Illinois border and about 8 miles southeast of Chicago. On-site parking includes 63 spaces plus 4 garage spaces.
Built in 2017, the building occupies about half of the usable lot, leaving room for future development. The property is also described as being minutes from three area hospitals, with the South Shore commuter train and nearby stations in the broader area.
Key Highlights
- 2017‑built office building with 13,382 SF plus a 48' x 24' (4‑car) garage/extra 1,152 SF storage; total 14,534 SF
- Includes 11 private executive offices and 50 additional workspaces; open work area with 50+ workstations and a copy room
- Conference room seating for 16 people and a modern break area; building also features multiple restrooms and an employee break room with full kitchen
Local 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 |
