7951 Calumet Ave - Storefront FOR SALE


Munster, IN 46321
$10,420,000 USD
843-725-7835
7951 Calumet Ave, Munster, IN for Sale
$10,420,000 USD
Storefront - FOR SALE
1/16
null | 7.5% Cap Rate

7951 Calumet Ave
Munster, IN 46321


HIGHLIGHTS

  • LOCATION & CONNECTIVITY: Calumet Center benefits from exceptional highway access and prominent street visibility. Positioned directly along U.S. Route

OVERVIEW

Calumet Center is a 45,445 SF, 100% leased retail center along Calumet Avenue (35.2K VPD) in Munster, IN (Chicago MSA), less than two blocks from I-94 (204K VPD) and near the forthcoming South Shore Line station connecting to downtown Chicago. Shadow-anchored by a topperforming Target with 1.7M annual visits, the center features a durable tenant mix including Staples, Dollar Tree, Athletico, Sally Beauty, and a Fifth Third Bank on a ground lease. The property offers strong longterm stability and value-add opportunities through the potential spin-off of the Fifth Third Bank ground lease. Additional upside exists through mark-to-market rent opportunities, allowing investors to capture further proceeds while maintaining income from the remaining inline retail.

FOR SALE DETAILS

PRICE

$10,420,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Drug Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

477

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,736 SF

ZONING

Commercial

APN/PARCEL ID

45-07-18-351-005.000-027,45-07-18-351-006.000-027

ASK ABOUT THIS PROPERTY

Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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Gus BowenBerkeley Capital AdvisorsMore Info
843-725-7835

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