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    Property profile & analytics

    8225 Columbia Ave Munster, IN 46321-1804

    • Theaters & concert halls
    • 18,339 SF
    • 2.62 lot acres
    OFF-MARKET
    Value Estimation
    $575,000
    Location Intelligence
    Property ID
    US31-0496699
    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.

    Current Use by Public Records

    • The Salvation Army of Northwest Indiana / Charity / Community Center
    • The Salvation Army Hammond-Munster / Non-Profit Organization / Charity
    • The Salvation Army Munster - Food Distribution Center / Food Bank

    Property Details for 8225 Columbia Ave

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.62 lot acres
    Property size
    18,339 SF
    Property type
    Theaters & concert halls
    APN
    45-07-19-201-020.000-027
    APU
    450719201020000027

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $710,000
      6.5%
      $680,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $670,000
      Geo Method
      $755,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $820,000
      Retail
      $640,000
      Mixed-Use
      $795,000
      Hospitality
      $720,000
      Educational
      $640,000
      Residential Income
      $795,000
      Energy
      $735,000
      Income-Based Land
      $705,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Munster
    County
    Lake
    State
    Indiana
    Longitude
    -87.4995
    Latitude
    41.564
    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
    $26,361
    $284,700
    $577,600
    $862,300
    -
    $284,700
    $577,600
    $862,300

    Comparable in this City

    • Value Estimation
      $295,000
      1,462 SF

      1113 Rdg Rd

      THEATER (MOVIE) • 1,462 SF
      1113 Rdg Rd, Munster, IN 46321-1851
      View Details
    • Value Estimation by Request
      11,020 SF

      10001 Columbia Ave

      THEATER (MOVIE) • 11,020 SF
      10001 Columbia Ave, Munster, IN 46321-4056
      View Details
    • Value Estimation by Request
      65,442 SF

      8601 Harrison Ave

      THEATER (MOVIE) • 65,442 SF
      8601 Harrison Ave, Munster, IN 46321-2398
      View Details
    • Value Estimation
      $425,000
      8,480 SF

      1550 Rdg Rd

      THEATER (MOVIE) • 8,480 SF
      1550 Rdg Rd, Munster, IN 46321-1929
      View Details
    • Value Estimation by Request
      24,329 SF

      8607 Columbia Ave

      THEATER (MOVIE) • 24,329 SF
      8607 Columbia Ave, Munster, IN 46321-2517
      View Details
    • Value Estimation by Request
      25,492 SF

      9701 Calumet Ave

      THEATER (MOVIE) • 25,492 SF
      9701 Calumet Ave, Munster, IN 46321-2873
      View Details

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    Similar Nearby for Lease

    • $12 SF/Yr
      18,098 SF

      Harrison Ridge Executive Suites

      Munster, IN Office & Retail Space Available
      417-435 Ridge Rd, Munster, IN 46321
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    • $18 SF/Yr
      4,536 SF

      Turnkey Office Space Available

      Class A office space for rent on Calumet Avenue.
      10120 Calumet Ave, Munster, IN 46321
      View Details
    • $16 SF/Yr
      39,263 SF

      Munster Office Building for Lease

      Traditional Office Space Available in Munster, IN
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    • Contact for pricing
      39,263 SF

      9245 Calumet Ave

      Coworking space • 39,263 SF
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    • $28 SF/Yr
      2,900 SF

      Prime Munster Office Space For Lease

      New 2,900 SF Office, Retail, or Restaurant Space
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    • Contact for pricing
      173,000 SF

      Retail Space in Calumet Center

      Endcap retail space in a Target-anchored shopping center.
      7959 Calumet Ave, Munster, IN 46321
      View Details
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    Munster, IN 46321-1804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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