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Property profile

1630 45Th St Munster, IN 46321

FOR LEASE
Medical Office Space
Property ID
US31-3565201
32,273 SF 1.78 ac lot Built 1982
Trust Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A 7,555-square-foot, second-floor professional office suite located within the White Oak Professional Center in South Munster. The space was remodeled in 2024 and is served by elevator access. It features 20-foot ceilings and multiple window exposures (northern, eastern, and southern) providing natural light, with exterior signage oriented toward 45th Street. Previously configured as a medical treatment office, the layout supports a range of professional uses, including clinic/medical office, financial services, or other professional services. Interior improvements include a reception area sized to accommodate 35 or more people, an administration area, a glass-enclosed office, and a director/manager’s office. Additional space includes a large, bright open office/board room of approximately 1,000 square feet with workstations, an adjacent private office, and the first of four bathrooms. A second entrance near the front reception provides access to five additional private offices, a second bathroom, and an office/workspace area. An approximately 700+ square foot lab/workspace is located on the east side near the five offices and a third bathroom. The southern portion includes three private offices, a fourth bathroom, and a wet bar across the hall, with access to private closets and a south exit. The third floor (accessed from both the north and south) has 18-foot ceilings and includes a cafeteria/staff area, staff lounge, mechanical/storage area, and three glass-enclosed offices.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction WOOD
Total area 32,273 SF
Lot 1.78 ac (77,319 SF)
APN 45-07-32-101-002.000-027
UPID US31-3565201

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Tutoring Service
  • Hair Salon
  • Spa & Massage Center Skin Care Clinic
  • Dental Office
  • Dental Office

Location

1630 45Th St Munster, IN 46321
Munster metro Census 40402 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
$906k
Blend (final) Blend
$785k

Owner & transaction history

since 2006
6 recorded transactions
2019
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Warehouse, storage $1.0M +38.4%
Industrial (general) $1.0M +34.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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