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Property profile & analytics
OFF-MARKET Estimated value $19,740,000
Warehouses

475 Superior Ave Munster, IN 46321-4000

454,750 SF 21.15 ac lot Built 1989
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US31-0972489
Property summary
AI-generated overview

This exceptional 451,240-square-foot industrial/office property, located at 475 Superior Ave in Munster, Indiana, presents a significant opportunity for a single tenant. Situated on a substantial 21.46-acre lot, the building boasts a spacious layout ideal for a variety of uses. Constructed in 1989, the property features a remarkable 30-foot ceiling height, providing ample vertical space for storage or specialized equipment. The building is currently entirely vacant, offering immediate occupancy for a qualified tenant. The property includes 53 total parking spaces and 15 convenient drive-in bays, ensuring efficient loading and unloading operations. Power is robust, with 1,200 amps of 277/480V service available. The property is zoned CD-4B within Lake County and offers a unique combination of office and warehouse space, making it suitable for a diverse range of businesses. The property's size, amenities, and location in Munster, IN, make it an attractive option for companies seeking a large, functional space. The address is 475 Superior Ave, Munster, IN 46321. This is a single-tenant property.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1989
Construction TYPE NOT SPECIFIED
Total area 454,750 SF
Lot 21.15 ac (921,294 SF)
APN 45-06-25-451-003.000-027
UPID US31-0972489
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
Current use
Occupant on record · Public records
  • GE Chicago Distribution Center Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$20.04M
Blend (final) Blend
$19.74M
Owner & transaction history
Bcore Corridor Chicago LLC · 6 yrs held
Bcore Corridor Chicago LLC
since 2020
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
$19.8M
2012
Price N/A
2012
Price N/A
2011
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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