Technical
Financial
Distress signals
Property profile

9404 Margo Ln Munster, IN 46321

FOR SALE
Other office properties
Property ID
US31-2993439
13,382 SF 2.33 ac lot Built 2017
Entity Owned 10-yr Hold ~ Est. High Equity
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9404 Margo Ln, Munster, IN 46321 For Sale
$3,200,000 13,382 SF
9404 Margo Ln, Munster, IN 46321
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Property summary

AI-generated overview

The property is a built-out office or medical facility with a combined office and shipping/warehouse configuration. The office portion includes 11 private executive offices, more than 50 additional workspaces, reception and waiting areas, a conference room seating approximately 16 people, multiple break areas and restroom areas, and a copy room supporting the open work area. The back-of-house contains shipping and warehouse space. An additional 48 ft by 24 ft garage structure provides four garage spaces and added storage. The office building was constructed in 2017 and has modern infrastructure; the building footprint covers roughly half of the usable lot, allowing room for future development. The property is zoned CD-4B for office, medical, mixed use, and civic uses, and is located in Munster’s business corridor near the Indiana/Illinois border, adjacent to 45th Street and Margo Lane, with nearby hospitals and South Shore commuter train stations located within approximately three miles.

Property profile

Verified
Property type Other office properties
Use group OFFICE (GENERAL)
Year built 2017
Construction TYPE NOT SPECIFIED
Total area 13,382 SF
Lot 2.33 ac (101,364 SF)
APN 45-06-25-300-013.000-027
UPID US31-2993439

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
  • Corporate Office

Location

9404 Margo Ln Munster, IN 46321
Munster metro Census 40301 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$1.22M

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $1.0M +47.5%
Warehouse, storage $1.0M +44.9%

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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More about this property
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