Address
8031-8045 Euclid Avenue Munster, IN
Price
$ 899,900
Property Attributes
  • MLS#472164
  • TypeCommercial
  • CountyLAKE
  • CityMunster
  • Zip46321
  • StyleOffice
  • Price$ 899,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6500
  • Lot Size0.8 Acres
Listing Provided Courtesy Of:
Justin Berggren with Listing Leaders
Property Description

6 Unit 6500 SF Office Building For Sale with Space For Lease in Munster, Indiana close to Chicago. This newly renovated office building is located on the ILIN border and is turn key ready for a variety of retail and office applications.The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.Located just one block east of Calumet Ave and two blocks south of 80-94 Expressway. Located in a quiet setting, but close to commercial zone with national anchors and good traffic.

Price History
3/23/2020 Listed $899,900

General Features

Exterior Features Brick
Property SubType Office
Property Type Commercial
Subdivision Name None
Transaction Type Sale
Year Built 1983

Interior Features

Living Area 6500.00

Exterior Features

Lot Size Square Feet 34848.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 46321

Price
AVG $220K
$900K
Visits
AVG 34
27
Year Built
AVG 1981
1983
Walkscore
AVG 60
74
Data Provided by Walkscore ® not using MLS data

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