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Property profile & analytics
FOR LEASE
Commercial real estate

9301 Calumet Ave Munster, IN 46321

20,136 SF 1.26 ac lot Built 1982
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0941270
Property summary
AI-generated overview

This exceptional two-story, 6,700-square-foot executive office building is ideally situated in a thriving medical and professional district, just half a mile south of Community Hospital. Currently configured as a single-tenant space, this turnkey property offers immediate occupancy. The space is divisible, with a minimum of 3,350 square feet available. Internal stairs connect the two floors, each approximately 3,350 square feet, including a pro-rata share of common areas such as hallways, elevators, and restrooms. Each floor boasts its own reception area, enhancing privacy and functionality. The first floor features four offices, five workstations, men's and women's restrooms, a copy room, and a kitchen. The second floor includes a reception area, three offices, two large conference rooms, and a kitchen. Utilities are included in the rent, with NNN expenses covering the tenant's pro-rata share of maintenance, landscaping, snow removal, etc. Janitorial services are the tenant's responsibility. The building enjoys a high-traffic location on the east side of Calumet Avenue, two miles south of the I-80/94 highway exit, with approximately 34,411 cars passing daily. Nearby amenities include the Lake Business Center, Maple Leaf Crossing (a new professional office and retail development), and Centennial Village (high-end retail and office space). The property is 28 miles from Chicago and offers excellent accessibility for medical and professional tenants. The 1.26-acre lot houses a Class B, two-story building with an elevator.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1982
Construction TYPE NOT SPECIFIED
Total area 20,136 SF
Lot 1.26 ac (54,668 SF)
APN 45-07-30-154-005.000-027
UPID US31-0941270
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
  • Children's Dental Care Dental Office
  • Children's Dental Care: Barbara Merlo DDS Dental Office
  • Anthony Hirschenberger DDS Dental Office
  • Merlo & Herschenberger Dental Office
  • Merlo James DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$741k
Blend (final) Blend
$605k
Owner & transaction history
INDIANA LAND TRUST COMPANY TR3518
INDIANA LAND TRUST COMPANY TR3518
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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