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    710 Ridge Rd Munster, IN 46321

    Sponsored
    For Sale
    $800,000

    Prime Munster location, high traffic, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2-acre commercial land parcel in Munster, Indiana, presents a remarkable investment opportunity. Strategically located at 710 Ridge Road, the property boasts frontage on both Ridge Road and Briar Lane, placing it just one block west of Calumet Avenue. Its enviable position is further enhanced by its proximity to established businesses, including Jewel-Osco, Old National Bank, and numerous restaurants and retail establishments. The site enjoys excellent visibility and accessibility, with 2023 INDOT traffic counts registering 18,527 vehicles daily on Ridge Road. All utilities are readily available, making development seamless. The property's zoning allows for a versatile mix of commercial uses, including retail, restaurants, and office spaces on Ridge Road, with potential for additional commercial or residential development on Briar Lane. Its location offers unparalleled convenience, being less than a mile from Munster High School, Wilber Wright Middle School, and Munster Community Hospital, and within a mile south of the I-80/94 interchange and 4.5 miles north of US Highway 30. The 2023-2024 property taxes are $2,096.16. This is an exceptional opportunity to acquire a highly desirable commercial property in a thriving community. The site's adjacency to successful businesses and its prime location ensure strong potential for significant return on investment. Don't miss this chance to secure a piece of Munster's vibrant commercial landscape.

    Property Features for 710 Ridge Rd

    General Information

    Property type
    Land

    HighLights

    • 2‑acre commercial land parcel in Munster, Indiana.
    • Located at 710 Ridge Road, with frontage on Ridge Road and Briar Lane, one block west of Calumet Avenue.
    • Excellent visibility and accessibility; 18,527 vehicles daily on Ridge Road (2023 INDOT data).
    • All utilities available; zoning allows for retail, restaurants, and office uses on Ridge Road, with potential for additional commercial or residential development on Briar Lane.
    • Near Munster High School, Wilber Wright Middle School, Munster Community Hospital, I‑80/94 interchange, and US Highway 30.
    • 2023‑2024 property taxes: $2,096.16.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.510960661141
    Latitude
    41.561616114537

    Nearby Comparable

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    Nearby Similar for Sale

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      Freestanding Restaurant on Ridge Road

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      Commercial Office Condominium Opportunity

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      Comfortable Condo with Modern Amenities

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      Versatile Commercial Building on Calumet

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      Mixed-Use Building on Ridge Road

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    FAQs

    What type of property is this?
    Land - Prime Munster location, high traffic, development ready.
    Where is this land located?
    The property is located at 710 Ridge Rd Munster, IN.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 2-acre commercial land parcel in Munster, Indiana.; Located at 710 Ridge Road, with frontage on Ridge Road and Briar Lane, one block west of Calumet Avenue.; Excellent visibility and accessibility; 18,527 vehicles daily on Ridge Road (2023 INDOT data).
    (219) 795-1100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    710 Ridge Rd Munster, IN 46321
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