Property profile

8250 Calumet Ave Munster, IN 46321

OFF-MARKET
Turn key restaurants
Property ID
US31-0630205
3,490 SF 0.35 ac lot Built 1968
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 3,490-square-foot restaurant space in Munster, Indiana, presents a fantastic opportunity for food service businesses. Located on Calumet Avenue, this single-tenant property boasts high visibility and significant daily traffic (18,827 vehicles). Built in 1968, the building features a large counter ideal for order processing or bar service, a welcoming waiting area, and a spacious dining room with floor-to-ceiling windows accommodating 40-50 diners. A fully equipped kitchen is included, ready for immediate use. The property also includes men's and women's restrooms and ample parking for 27 vehicles. Situated on a 0.35-acre lot, this Class C building is zoned for general urban use. The previous tenant was a Chinese restaurant, demonstrating the space's adaptability to various culinary concepts. This location offers excellent potential for a thriving restaurant business due to its high traffic count and convenient amenities. The property is a single-story building with a total of 3,490 square feet, all of which is currently vacant.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 3,490 SF
Lot 0.35 ac (15,246 SF)
APN 45-06-24-233-021.000-027
UPID US31-0630205

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

8250 Calumet Ave Munster, IN 46321-1704
Munster metro Census 40302 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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