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EXCELLENT BUILDING FOR MEDICAL OFFICE USE! 745 Ridge Rd
3,880 SF Retail Building Munster, IN 46321 For Sale
Investment Highlights
- Low Indiana Taxes!
Executive Summary
Taxes & Operating Expenses (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£10,263
|
£2.65
|
| Operating Expenses |
£3,945
|
£1.02
|
| Total Expenses |
£14,208
|
£3.66
|
Taxes & Operating Expenses (Actual - 2021)
| Taxes | |
|---|---|
| Annual | £10,263 |
| Annual Per SF | £2.65 |
| Operating Expenses | |
|---|---|
| Annual | £3,945 |
| Annual Per SF | £1.02 |
| Total Expenses | |
|---|---|
| Annual | £14,208 |
| Annual Per SF | £3.66 |
Property Facts
Amenities
- Restaurant
- Signage
About 745 Ridge Rd , Munster, IN 46321
Opportunity to own real estate in one of NW Indiana's best areas! 3,880 sq.ft. (plus full basement) restaurant/free-standing building with 65 parking spaces and 190' frontage on Ridge Road. Purchase as a development or buy the existing business (30+ years old) and lease. Call broker for business price and lease rate. Located in NW Indiana's premiere Town of Munster. High Household Incomes and Property Values! This site is 1 building away from the signalized intersection of Ridge Road and Calumet Avenue. Munster has experienced an influx of Illinois residents due to a lower-cost to do business, a 30-minute drive to downtown Chicago and the other projects projected in Munster (Extension of the South Shore Train Station 1/2 mile from this site & a new 500,000 sq.ft. mixed -use development in south Munster). Community Hospital (458 beds) with 600 physicians & Munster High School is 3/4- mile south.
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This property is offered for sale or lease, allowing a new operator to take over The Commander Restaurant which has operated here for over 30 years! This 3,880 square foot 2ND Gen restaurant includes half basement and sits on 0.37 acres. 190’ of frontage along heavily trafficked Ridge Rd. just off the hard corner with Calumet Ave. and has 77 parking spaces. The site is offered for sale allowing for new operators or redevelopment right across the IL/IN border. The site is also offered for lease, with both options would include a business sale which offers the business, FF&E, and naming rights to new operators. Located in Munster IN, just down the road from the IL / IN border. Munster, IN, is an upper middle-class suburb on the Chicago Metropolitan area. Named one of the best places to live by Niche, receiving an A+ rating, Munster has high home ownership, easy travel to the rest of the Chicago Metropolitan area, and most importantly low taxes! A recent influx of residents looking for low living costs and quieter suburban life have given Munster incredible growth in the past few years. New growth has spurred new development, with the South Shore line extension only ½ mile from the subject property, and 500,000 square foot mixed use development in South Munster.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,880 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 3,880 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 3,880 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
This property is offered for sale or lease, allowing a new operator to take over The Commander Restaurant which has operated here for over 30 years! This 3,880 square foot 2ND Gen restaurant includes half basement and sits on 0.37 acres. 190’ of frontage along heavily trafficked Ridge Rd. just off the hard corner with Calumet Ave. and has 77 parking spaces. The site is offered for sale allowing for new operators or redevelopment right across the IL/IN border. The site is also offered for lease, with both options would include a business sale which offers the business, FF&E, and naming rights to new operators. Located in Munster IN, just down the road from the IL / IN border. Munster, IN, is an upper middle-class suburb on the Chicago Metropolitan area. Named one of the best places to live by Niche, receiving an A+ rating, Munster has high home ownership, easy travel to the rest of the Chicago Metropolitan area, and most importantly low taxes! A recent influx of residents looking for low living costs and quieter suburban life have given Munster incredible growth in the past few years. New growth has spurred new development, with the South Shore line extension only ½ mile from the subject property, and 500,000 square foot mixed use development in South Munster.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 45-06-24-276-016.000-027 | Total Assessment | £336,055 (2023) |
| Land Assessment | £192,323 (2023) | Annual Taxes | £10,263 (£2.65/sf) |
| Improvements Assessment | £143,732 (2023) | Tax Year | 2021 Payable 2022 |
PROPERTY TAXES
-
Michael Larson -
Diversified Commercial Real Estate
Presented by
EXCELLENT BUILDING FOR MEDICAL OFFICE USE! | 745 Ridge Rd
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