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303 Ridge Rd 4,048 SF 100% Leased Office Building Munster, IN 46321 $640,000 ($158.10/SF) 8.54% Cap Rate
Investment Highlights
- RARE Munster Investment Property
- 100 Yards From South Shore Train Station
- 20 Parking Spaces
Executive Summary
RARE opportunity to own an Investment Property in desirable Munster Indiana. This is a 2-unit, fully leased, office building on Ridge Road. There are 2 parcels that have a total of 20-parking spaces. Signage on Ridge Road allows both tenants to advertise their names. Great Signage. Near the new South Shore Train Station.
At the corner northeast of Ridge Rd. & Highland Pl. Adjacent to 313 Taproom & John's Pizzeria. 100-yards away from the new South Shore Train Station!
At the corner northeast of Ridge Rd. & Highland Pl. Adjacent to 313 Taproom & John's Pizzeria. 100-yards away from the new South Shore Train Station!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,048 SF
Building Class
C
Year Built
1976
Price
$640,000
Price Per SF
$158.10
Cap Rate
8.54%
NOI
$54,656
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,048 SF
Building FAR
0.28
Lot Size
0.33 AC
Parking
12 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 45-06-24-129-070.000-027 | Improvements Assessment | $269,500 |
| Land Assessment | $158,300 | Total Assessment | $427,800 |
Property Taxes
Parcel Number
45-06-24-129-070.000-027
Land Assessment
$158,300
Improvements Assessment
$269,500
Total Assessment
$427,800
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303 Ridge Rd
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