Calumet Avenue Commercial Condominium
9410 Calumet Ave Suite 103A/B, Munster, IN 46321
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First-floor condominium unit in a rapidly developing commercial corridor.
Type:Mixed Use, Office, Retail
Property size:
3,300 SFPrice / SF:
$242/SF- Added:
- Mar 27, 2026
- Days on Market:
- 104
- Last Refresh:
- Jul 5 at 5:43 am
Property Features for 9410 Calumet Ave Suite 103A/B
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Mixed Use, Office, Retail
Listing office Commercial In-Sites LLC (219) 795-1100
Listing date Mar 27, 2026
Source Crexi
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
HighLights
- Leased Investment Opportunity: Collect rent immediately from a portion of the unit (Unit 103A) leased to Vision Boutique/My Eye Doctor with a lease extending up to 9 years.
- Prime Location: Situated in the rapidly developing Munster Maple Leaf Crossing on Calumet Avenue, a high‑traffic commercial corridor.
- High‑Growth Area: Located within a mixed‑use campus integrating office, medical, and retail, near Community Hospital and Centennial Village.
- Includes 1,500 USF of unfinished shell space (Unit 103B) offering customization potential.
- Class‑A Lifestyle: Part of a vibrant community with a Hyatt Place Hotel, professional offices, and proximity to Centennial Park.
- Strong Tenant Mix: Join established tenants in the medical and professional industry.
Overview
Located within the Munster Maple Leaf Crossing, this first-floor condominium unit offers an opportunity for investment or occupancy. The 3,300 USF (3,861 RSF) unit is currently divided, with Unit 103A (1,800 USF/2,106 RSF) leased to Vision Boutique/My Eye Doctor for three years, with options for two additional three-year extensions. Unit 103B (1,500 USF/1,755 RSF) is an unfinished shell. The property is part of a community featuring a Hyatt Place Hotel, modern professional offices, and proximity to Centennial Park. Current tenants include Centers for Digestive Health, Dr. Mary Tilak & Associates, Zubair Cosmetic Genecology & Med Spa, Restful Sleep Indigo Partners, and Center for Vein Restoration. The projected POA dues for interior common areas and exterior areas for 2025 are estimated at $9,310.02 per suite, or $1.73/USF/$1.48/RSF. Real estate taxes for 2024, payable in 2025, are $18,063.56, or approximately $5.47/USF and $4.70/RSF. Situated on the west side of Calumet Avenue, the property is located ½ mile south of Community Hospital and 2 miles south of I-80/94. It is also located 1/4 mile north of Centennial Village. The location is suitable for tenants in the medical and professional industries. The INDOT 2025 traffic count on Calumet Ave is 30,297 vehicles per day.
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 | $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
Mixed Use
$466.7K
$408.4K – $544.5K
NOI $32,670 @ 7.0% cap · market cap 4.09%
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 local authorities.
Location Intelligence
Current Use by Public Records
Centers for Digestive Health
Medical Clinic
GFI Wealth Partners
Financial Advisor
Vision Boutique | Eye ...
Physician
Dr. Kor
Corporate Office
Dr. Mary Tilak ...
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Munster
- County
- Lake
- State
- Indiana
- Longitude
- -87.509841
- Latitude
- 41.54262
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - First-floor condominium unit in a rapidly developing commercial corridor.
Where is this mixed-use property located?
The property is located at 9410 Calumet Ave Suite 103A/B 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: Leased Investment Opportunity: Collect rent immediately from a portion of the unit (Unit 103A) leased to Vision Boutique/My Eye Doctor with a lease extending up to 9 years.; Prime Location: Situated in the rapidly developing Munster Maple Leaf Crossing on Calumet Avenue, a high‑traffic commercial corridor.; High‑Growth Area: Located within a mixed‑use campus integrating office, medical, and retail, near Community Hospital and Centennial Village.
