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27 Ridge Rd 4,722 SF 100% Leased Office Building Munster, IN 46321 $499,000 ($105.68/SF)
INVESTMENT HIGHLIGHTS
- Prime Location on Ridge Road in Munster, offering excellent visibility and accessibility.
- Ideal for investors or business owners seeking a mixed-use property with income-generating potential.
- Features a ground-floor retail/office unit, a second-floor office unit, and a two-bedroom apartment for rental income or owner occupancy.
- Sits on 0.17 acres, providing ample room for various business and residential opportunities.
EXECUTIVE SUMMARY
A 4,722 square foot office/retail building on Ridge Road in Munster is now available for sale. This versatile property features a ground-floor retail/office unit, an additional office unit on the second floor, and a two-bedroom apartment that can be utilized as rental income or owner-occupied. Situated on 0.17 acres, the building offers excellent visibility on Ridge Road, making it an ideal investment or business location.
Munster is a suburban town in North Township, Lake County, Indiana, United States. It is in the Chicago metropolitan area, approximately
30 miles (48 km) southeast of the Chicago Loop, and shares municipal boundaries with Hammond to the north, Highland to the east, Dyer
and Schererville to the south, and Lansing and Lynwood directly west over the Illinois border. Its population was 23,894 at the 2020 US
Census.
Munster is a suburban town in North Township, Lake County, Indiana, United States. It is in the Chicago metropolitan area, approximately
30 miles (48 km) southeast of the Chicago Loop, and shares municipal boundaries with Hammond to the north, Highland to the east, Dyer
and Schererville to the south, and Lansing and Lynwood directly west over the Illinois border. Its population was 23,894 at the 2020 US
Census.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,722 SF
Building Class
C
Year Built
1970
Price
$499,000
Price Per SF
$105.68
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,361 SF
Slab To Slab
12’
Building FAR
0.64
Lot Size
0.17 AC
Zoning
B - General Business District
Parking
15 Spaces (3.18 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 45-06-24-101-030.000-027 | Improvements Assessment | $110,000 |
| Land Assessment | $147,200 | Total Assessment | $257,200 |
PROPERTY TAXES
Parcel Number
45-06-24-101-030.000-027
Land Assessment
$147,200
Improvements Assessment
$110,000
Total Assessment
$257,200
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27 Ridge Rd
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