1810-1850 45th St - Retail FOR SALE


Munster, IN 46321
$12,900,000 USD
909-380-0073
1810-1850 45th St, Munster, IN for Sale
$12,900,000 USD
Retail - FOR SALE
1/31
null | 5.82% Cap Rate

1810-1850 45th St
Munster, IN 46321


HIGHLIGHTS

  • Storage & Retail Center Income
  • Daily Vehicle Count of 15,883
  • *5.17 Acres of Land for Expansion (Storage & Retail)
  • $100K in Gross Monthly Revenue
  • Institutional Level Asset
  • Below Market Rates

OVERVIEW

John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". The Elite Storage Group of Calvary Realty is proud to present The Pavilion on 45th and Hi Tec Storage, a premier self-storage and retail facility located at 1834 45th St in Munster, Indiana, within the expansive Chicago-Naperville-Elgin MSA, which serves a population of over 9.4 million. This property encompasses 94,277 rentable square feet across 152 storage units and 19 Retail Suites. with a current physical occupancy of 100% for the retail suites and 75% on the storage units. Situated on 11.35 acres, this property includes substantial retail and storage space, yielding nearly $100,000 in gross monthly revenue. Constructed of durable concrete, The Pavilion was initially built in 1970 and expanded in 2005, supporting both self-storage and retail functions. Located just 30 minutes south of downtown Chicago, this property benefits from significant daily vehicle traffic with a count of 15,883, enhancing its high visibility and access. Additionally, the property’s positioning within a densely populated and affluent region adds considerable value, making it a highly desirable asset for both local and institutional investors. Key opportunities for expansion and growth further enhance the appeal of The Pavilion on 45th, as it includes 3.52 acres of excess land available for storage development as well as 1.65 acres of land available for retail development. This well-established property combines both storage and retail income streams, offering a compelling opportunity for investors looking to acquire a high-traffic, income-generating asset in the robust Chicago metropolitan market.

FOR SALE DETAILS

PRICE

$12,900,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

5.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pavillion on 45th Ave

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

384

LAND DETAILS

CROSS STREETS

45th Ave & Fran-Lin Pkwy

LAND ACRES

11.36 AC

LAND SF

494,675 SF

ZONING

R33

APN/PARCEL ID

45-07-32-126-001.000-027

ASK ABOUT THIS PROPERTY

Brandon RobinsonCalvary RealtyMore Info
909-380-0073

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Brandon RobinsonCalvary RealtyMore Info
909-380-0073

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.