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Property profile & analytics
FOR SALE
Commercial land

407 Ridge Rd Munster, IN 46321

1,984 SF 0.49 ac lot Built 1900
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0699553
Property summary
AI-generated overview

This exceptional Class A commercial property, located at 407 Ridge Rd, Munster, IN 46321, offers up to 2,900 square feet of newly constructed space, completed in December 2023. Situated at a prominent corner location on Ridge Road, near the new Munster Train Station, this property boasts high visibility and accessibility. The building features a single story with 20-foot ceilings and ample parking (40 spaces). The space is divisible, with a minimum leasable area of 1,340 square feet and a maximum contiguous space of 2,900 square feet. Multiple suites are available, making it suitable for a variety of uses, including traditional office, medical office, creative office, executive office, retail, and restaurant establishments. The property is zoned commercial and offers 3-phase power if required. This is an unparalleled opportunity to establish a presence in a thriving Northwest Indiana community within a main commercial corridor. The building's modern design and prime location make it an ideal choice for businesses seeking a high-profile address. Don't miss this chance to secure your space in this exceptional new development.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Construction WOOD FRAME
Total area 1,984 SF
Lot 0.49 ac (21,562 SF)
APN 45-06-24-204-005.000-027
UPID US31-0699553
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Vincent Cryns · 6 yrs held
Vincent Cryns
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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