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8031-8045 Euclid AVE Munster, IN 46321
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Key Details
Sold Price $735,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $113
MLS Listing ID 490402
Sold Date 05/10/21
Year Built 1983
Lot Size 0.800 Acres
Acres 0.8
Lot Dimensions 290 x 115
Property Sub-Type Office
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.
Location
State IN
County Lake
Interior
Interior Features Elevator
Heating Forced Air, Natural Gas
Fireplace N
Exterior
View Y/N true
View true
Others
Tax ID 450718353003000027
Acceptable Financing NRA20240111125431127888000000
Listing Terms NRA20240111125431127888000000
Financing Conventional
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Bought with Banga Realty, LLC




