1650 45th St
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1650 45th St
22,125 SF 87% Leased Office Building Munster, IN 46321 $2,750,000 ($124/SF)
Executive Summary
Munster Commercial Multi Unit. Great investment opportunity on 2.18 AC . Property has a good mix with 50% medical, 30% service and 20% general office with a pro forma cap rate of 8%. Situated between Indianapolis Blvd and Calumet Ave on 45th Street.
Plenty of onsite parking, surrounding the building. Every unit enjoys 2 entrances.
Plenty of onsite parking, surrounding the building. Every unit enjoys 2 entrances.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,125 SF
Building Class
C
Year Built
1975
Price
$2,750,000
Price Per SF
$124
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
22,125 SF
Building FAR
0.23
Lot Size
2.18 AC
Zoning
SC - Neighborhood Shopping Center
Parking
60 Spaces (2.71 Spaces per 1,000 SF Leased)
Amenities
- Atrium
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Tenant pays for prorata share of snowplowing and property tax increase, 1 Waiting room, 2 medical offices with sinks
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 2C | 875 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 2D and 2E | 964-1,964 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 2C
| Size |
| 875 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 2D and 2E
| Size |
| 964-1,964 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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1st Fl-Ste 2C
| Size | 875 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Tenant pays for prorata share of snowplowing and property tax increase, 1 Waiting room, 2 medical offices with sinks
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 2D and 2E
| Size | 964-1,964 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
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PROPERTY TAXES
| Parcel Number | 45-07-32-103-001.000-027 | Improvements Assessment | $949,900 |
| Land Assessment | $467,300 | Total Assessment | $1,417,200 |
PROPERTY TAXES
Parcel Number
45-07-32-103-001.000-027
Land Assessment
$467,300
Improvements Assessment
$949,900
Total Assessment
$1,417,200
Learn More About Investing in Office Space
1 of 17
VIDEOS
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PHOTOS
STREET VIEW
STREET
MAP
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1650 45th St
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