Munster, IN 46321,8031-8045 Euclid AVE
Munster, IN 46321,8031-8045 Euclid AVE
Munster, IN 46321,8031-8045 Euclid AVE
31
$735,000
$750,000
2.0%
Est.Price: ?

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6,500 SqFt

8031-8045 Euclid AVE Munster, IN 46321

Est. payment /mo
SOLD DATE : 05/10/2021

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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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Listed by Listing Leaders Specialty • Justin T Berggren
Bought with Banga Realty, LLC

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