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Financial
Distress signals
Property profile

648 Progress Ave Munster, IN 46321

OFF-MARKET
Other warehouses
Property ID
US31-1129478
29,217 SF 1.56 ac lot Built 1990
Last sale Jan 2017
Trust Owned Owner of record is a trust. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 9,000-square-foot warehouse is located in a business park in Munster, Indiana, on the south side of Progress Avenue one block west of Calumet Avenue, near Centennial Park and approximately one block east of the Three Floyds Brewery/Distillery (about half a mile east of the Illinois border). The space includes a lunch room, separate men’s and women’s bathrooms, and a shop office, with a private entrance at the southeast man door that can be modified. Improvements include one 8-foot by…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$41k
Tax billed · 2022
Assessed value · 2023$1.38M
Assessed land$487k
Assessed improvement$893k
Effective rate3.00%

Value estimate

· Oct 2026
$755k
$680k – $831k
AI approach$755k
Submarket $/SF estimate$563k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$25 – $123

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.0
Building Supply20.0
Auto Repair Shop18.6

Location

648 Progress Ave Munster, IN 46321-2872
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 12 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
530 Superior, Munster, IN 46321-4034 $600,000 Feb 2020 5,640 SF
235 45th, Munster, IN 46321-2848 $3,325,000 Dec 2019 35,000 SF
101 45th, Munster, IN 46321-2868 $24,000,000 Dec 2019 350,000 SF
215 45th, Munster, IN 46321-2848 $4,800,000 Dec 2019 65,100 SF
333 45th, Munster, IN 46321-5802 $10,500,000 Dec 2019 140,360 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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