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Property profile & analytics
FOR SALE
Retail space

745 Ridge Rd Munster, IN 46321

3,880 SF 0.37 ac lot Built 1969
Entity Owned ~ Est. High Equity
Property ID
US31-0596063
Property summary
AI-generated overview

This exceptional restaurant opportunity in Munster, Indiana, presents a unique chance for ownership or lease. The 3,880-square-foot, single-story building sits on a 0.37-acre lot with 77 parking spaces and boasts 190 feet of frontage on heavily trafficked Ridge Road, near its intersection with Calumet Avenue. The property includes a half basement and is zoned CD-5 Urban Center Character District. The location offers significant advantages, including proximity to the South Shore Line extension (half a mile away) and a new 500,000-square-foot mixed-use development in South Munster. Munster itself is a thriving community with high household incomes and property values, making it an attractive location for businesses. The property benefits from excellent visibility and accessibility, with high daily traffic volume on both Ridge Road (18,422 vehicles per day) and Calumet Avenue (34,411 vehicles per day). The low Indiana real estate taxes ($11,446.84) further enhance the investment potential. The property's location offers easy access to downtown Chicago (30-minute drive) and Midway Airport (40-minute drive). Nearby amenities include St. Thomas More School, Munster High School, and Community Hospital. A monument sign is available. This established restaurant, operating for over 30 years, offers the opportunity to acquire the business, fixtures, furniture, and equipment (FF&E), and naming rights. The property is offered for both sale and lease. The APN is 45-06-24-276-016.000-027.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 3,880 SF
Lot 0.37 ac (16,291 SF)
APN 45-06-24-276-016.000-027
UPID US31-0596063
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
  • Commander Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Ridge Rd Munster LLC
Ridge Rd Munster LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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