9245 Calumet Ave - Office/Residential FOR SALE


Munster, IN 46321
$2,499,000 USD
219-795-1100
9245 Calumet Ave, Munster, IN for Sale
$2,499,000 USD
Office/Residential - FOR SALE
1/61
null | 6.34% Cap Rate

9245 Calumet Ave
Munster, IN 46321


HIGHLIGHTS

  • Currently 65% leased to 22 tenants at $19.00/SF average
  • Excellent value-add and upside potential leasing at $25/SF - Upper Level and $20/SF - Lower Level
  • Potential Income - NOI: $567,287 | Cap Rate: 16.2% | Price: $7,000,000 ($183.21/RSF)
  • Prime Calumet Avenue location
  • Minutes from Powers and Franciscan Hospitals
  • Transom windows throughout

OVERVIEW

Discover the opportunity to acquire 9245 Calumet Avenue, a multi-tenant commercial property located in Munster's premier commercial corridor. Currently 65% leased to 22 tenants, the property offers immediate income with substantial value-add potential. Short-term leases allow for a change of use. Built in 1978 originally as a health and racquetball club, renovated in 1988 and 2024, the building features modern interior upgrades, a freestanding digital directory, a handicap-accessible lift, and 118 on-site parking spaces. Its proximity to major healthcare providers, retailers, and residential neighborhoods makes it an attractive opportunity for investors and owner-users alike.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairmont Office Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

C

APN/PARCEL ID

45-07-30-154-002.000-027

ASK ABOUT THIS PROPERTY

David LasserCommercial In-Sites LLCMore Info
219-795-1100

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David LasserCommercial In-Sites LLCMore Info
219-795-1100

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