First-Floor Office/Retail
9410 Calumet Ave Munster, IN 46321
For Sale
Contact for pricing
First-floor condominium with an in-place lease plus an unfinished unit within a mixed-use campus on Calumet Avenue.
Property Size3,300 SF
Price / SF$242.12
Days on Market176
Property Features for 9410 Calumet Ave
General Information
Standard status
Active
Size
3,300 SF
Property subtype
OFFICE
Listing Agency:
Commercial In-Sites, LLC
(219) 795-1100
Listed By:
David A Lasser
(219) 795-1100
Source:
Moodyscre
Added: Feb 3
Changed: Jul 28
Last Checked: Jul 29 at 4:07PM
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 Commercial In-Sites, LLC
Investment Insights
Based on property information with market context.
This 1st-floor office/retail condominium includes Unit 103A/B. Unit 103A is 1,500 USF and is currently split and leased to Vision Boutique / My Eye Doctor for three years expiring 11/13/28, with two three-year extensions ending 11/13/2034. Unit 103B is 1,500 USF and is presented as an unfinished shell. A $50.00/USF tenant improvement allowance is noted for the space.
Located on the west side of Calumet Avenue in the Munster Maple Leaf Crossing commercial corridor, approximately 1/2 mile south of Community hospital and 2 miles south of I-80/94. The property is also listed as 1/4 mile north of Centennial Village. An INDOT 2025 traffic count on Calumet Ave is provided as 30,297 vehicles per day.
Planned 2026 POA interior common area and exterior areas dues are estimated at $9,310.02 per suite ($2.82/USF). 2025 pay 2026 real estate taxes are estimated at $19,170.58 ($5.81/USF), with totals cited as $10.24/USF.
Located on the west side of Calumet Avenue in the Munster Maple Leaf Crossing commercial corridor, approximately 1/2 mile south of Community hospital and 2 miles south of I-80/94. The property is also listed as 1/4 mile north of Centennial Village. An INDOT 2025 traffic count on Calumet Ave is provided as 30,297 vehicles per day.
Planned 2026 POA interior common area and exterior areas dues are estimated at $9,310.02 per suite ($2.82/USF). 2025 pay 2026 real estate taxes are estimated at $19,170.58 ($5.81/USF), with totals cited as $10.24/USF.
Key Highlights
- 1st‑floor 3,300 SF office/retail condominium unit (Unit 103A/B) on the Calumet Avenue mixed‑use campus
- 103A (1,500 SF) is currently leased to Vision Boutique/My Eye Doctor for three years expiring 11/13/28, with two 3‑year extensions through 11/13/2034
- 103B (1,500 SF) is an unfinished shell; includes a $50.00/SF tenant improvement allowance
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 | $71.3k | $21.60 |
| − Vacancy | −$15.5k | −$4.69 |
| EGI | $55.8k | $16.91 |
| − OpEx | −$14.0k | −$4.23 |
| NOI | $41.9k | $12.68 |
3,300 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.0K
$523.2K – $697.7K
NOI $41,859 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$454.3K
$397.5K – $530.0K
NOI $31,800 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$921.2K
$806.1K – $1.07M
NOI $64,486 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - First-floor condominium with an in-place lease plus an unfinished unit within a mixed-use campus on Calumet Avenue.
Where is this office units located?
The property is located at 9410 Calumet Ave Munster, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1st‑floor 3,300 SF office/retail condominium unit (Unit 103A/B) on the Calumet Avenue mixed‑use campus; 103A (1,500 SF) is currently leased to Vision Boutique/My Eye Doctor for three years expiring 11/13/28, with two 3‑year extensions through 11/13/2034; 103B (1,500 SF) is an unfinished shell; includes a $50.00/SF tenant improvement allowance
