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    1650 45Th St Munster, IN 46321
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    Property profile & analytics

    1650 45Th St, Munster, IN 46321

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    • Retail space
    • 22,125 SF
    • 2.10 lot acres
    Munster Apartment Building For Sale For Sale
    $2,499,000
    2.10 Acres

    Munster Apartment Building For Sale

    12-unit apartment building in desirable Munster location near hospitals.

    1650 45th St, Munster, IN 46321
    View Listing
    Property ID
    US31-3323641
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Heydemann Peter T MD / Physician / Medical Clinic
    • Associated Dentists of Northwest Indiana / Dental Office
    • Kmak Daniel DDS / Dental Office
    • Kirk James DDS / Dental Office
    • Associated Dentists of NW In: Koultourides Andy DDS / Dental Office

    Property Details for 1650 45Th St

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.10 lot acres
    Property type
    Retail space
    APN
    45-07-32-103-001.000-027
    APU
    450732103001000027

    Description

    This exceptional commercial property, located at 1650 45th Street in Munster, Indiana, presents a unique investment opportunity. The building encompasses a substantial 22,000 square feet of office space, making it ideal for a variety of businesses or potential redevelopment. Situated on a generous 2.1-acre lot, the property offers ample parking and room for expansion. Its strategic location between Indianapolis Boulevard and Calumet Avenue provides excellent visibility and accessibility, ensuring high traffic flow and convenient access for employees and clients. This is a first-time offering, presenting a rare chance to acquire a well-positioned commercial building in a thriving Munster market. The property's size and location make it suitable for a wide range of uses, from corporate offices to medical facilities or other commercial ventures. The substantial lot size also allows for future expansion or development possibilities. Serious inquiries are encouraged to explore this significant commercial real estate opportunity. The asking price is $2,750,000. This represents a compelling investment in a high-demand area with strong growth potential. Don't miss this chance to own a prime commercial property in Munster, Indiana.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $785,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,119,000
      Market price range: $802k - $2.65M
      AI Estimate
      $1,165,000
      Market price range: $1.17M - $2.34M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,680,000
      Current use
      WAREHOUSE, STORAGE
      $1,650,000
      Change: -2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.4879
    Latitude
    41.5368
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $38,029
    $467,300
    $949,900
    $1,417,200
    -
    $467,300
    $949,900
    $1,417,200
    View Listing
    More about this property
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