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Providence Addition 9404 Margo Ln 14,534 SF 100% Leased Office Building Munster, IN 46321 $3,700,000 ($254.58/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- Conviently located. High traffic, near hospitals, Doctors, Restaurants.
- High end build out completed.
EXECUTIVE SUMMARY
For Sale. Premium office or medical space in Munster's Business Corridor. Located just 0.3 miles from the Indiana/Illinois border and 8 miles southeast of Chicago. The main office and shipping warehouse includes 11 private executive offices, and 50 additional workspaces. This is truly a turn-key opportunity for your business, complete with all furnishings, desks, chairs, cabinetry, and workstations. There is a 13,382 s.f. office building and an additional 48' x 24' (4 car) garage for an additional 1,152 Sq. Ft. of storage for a total of 14,534 square feet. The present building takes up only half of the usable lot, so there's room to build in the future. This building is top notch, with an impressive reception and waiting area. Conduct your board meetings and education events in the conference room which comfortably sits 16 people. Outside the conference room is a modern break area. Visiting guests can conduct business on the go with sitting areas and charging stations. The perimeter of the building is lined with 11 private executive offices that are built to impress. The office work space is wide open with a modern decor, and acoustical ceiling clouds for a productive atmosphere. The open work area features over 50 workstations and a copy room. There are multiple restrooms, and an additional employee break room, complete with a full kitchen. Behind the offices, there is a shipping and warehouse area. The exterior parking lot provides 63 parking spaces and 4 garage spaces. This building was built in 2017 with modern infrastructure. Located adjacent to 45th Street and Margo Lane (the entrance to West Lakes subdivision) which is only minutes from three area hospitals. The new South Shore commuter train is nearly complete. This ideal business location is only 3 miles to the Dyer South Shore Commuter Train Station less than 3 miles from the new Munster South Shore Train station. The Lansing, IL Municipal Airport is just 1 mile away.
DATA ROOM Click Here to Access
- Market Information
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
14,534 SF
Building Class
C
Year Built/Renovated
2017/2018
Price
$3,700,000
Price Per SF
$254.58
Cap Rate
8%
NOI
$296,000
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
14,534 SF
Slab To Slab
12’
Building FAR
0.14
Lot Size
2.32 AC
Zoning
CD-B4 - CD-B4
Parking
67 Spaces (4.61 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Fitness Center
- Wheelchair Accessible
- Reception
- Storage Space
- Outdoor Seating
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Paycor
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Paycor | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 45-06-25-300-013.000-027 | Total Assessment | $3,150,000 |
| Land Assessment | $517,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,632,200 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
45-06-25-300-013.000-027
Land Assessment
$517,800
Improvements Assessment
$2,632,200
Total Assessment
$3,150,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Providence Addition | 9404 Margo Ln
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