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    8031-8045 Euclid Avenue

    Munster, IN 46321
    • $899,900
    • STATUS: Active
    • ON SITE: 247 days
    • MLS #: 472164
    UPDATED: 50 min ago
    $899,900
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,500
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    Description

    6 Unit 6500 SF Office Building For Sale with Space For Lease in Munster, Indiana close to Chicago. This newly renovated office building is located on the ILIN border and is turn key ready for a variety of retail and office applications.The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.Located just one block east of Calumet Ave and two blocks south of 80-94 Expressway. Located in a quiet setting, but close to commercial zone with national anchors and good traffic.

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    © 2020 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-11-26T17:52:29.26.
    www.mccormickrealestateindiana.com/homes/104398544
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    8031-8045 Euclid Avenue Munster, IN 46321

    • Price: $899,900
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 472164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    6,500
    SQFT
    $138
    $/SQFT
    1983
    Built
    Neighborhood:
    None
    County:
    Lake
    Area:
    Munster
    Property Description
    6 Unit 6500 SF Office Building For Sale with Space For Lease in Munster, Indiana close to Chicago. This newly renovated office building is located on the ILIN border and is turn key ready for a variety of retail and office applications.The upside is a well above market cap opportunity in a great building with no deferred maintenance. NOI Pro Forma $108,000 provides a 12 CAP in a 5 to 7 CAP market. 7 CAP results in value of over 1.5mm.Owners recently finished interior remodel and have leased up to tow spaces. In the process of filling out additional spaces. Interior walls can be moved, so building currently represents an income play opportunity for owner occupants. Each unit is separately metered and has at least one bathroom, furnace, and air conditioning. Good roof and parking lot. 50 parking spaces.Located just one block east of Calumet Ave and two blocks south of 80-94 Expressway. Located in a quiet setting, but close to commercial zone with national anchors and good traffic.
    Exterior Features

    Building Construction BrickConcreteFrame Building Exterior Brick Dock Features None Foundation Concrete Perimeter Frontage Access City Street Lot Dimensions 290 X 115 Misc Outside Ada Compliant Parking Paved ParkingPrivate Parking Parking Spaces 0 Rail Availability None Roof Coverings Composition Roof Structure Gable

    Interior Features

    Air Conditioning Ventilation Central Air Ceiling Type Acoustical Floor Finish CarpetTile Floors Concrete Heat Ventilation Forced AirGas Heat Misc Inside Ada CompliantMulti TenantPrivate Restrooms

    Property Features

    Amenities Exterior Lighting Backup Information Tax Bill Current Use Office Electrical Service 101 - 200 Amps Fire Protection Fire Extinguishers Information None Phone Internet Cable Internet Possession Close Of Escrow Potential Use Medical OfficeOfficeResearch & Develop Property Subtype1 Office Property Subtype2 Retail Taxes 23885 Tenant Pays C.A.M.ElectricityGasInsuranceRe TaxRepairsScavengerSewerWater Terms CashConventional Transaction Type Sale Utilities On

    Listing information © 2020 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
    Listing courtesy of Justin Berggren of Listing Leaders.

    © 2020 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-11-26T17:52:29.26.
     
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    Crown Point IN, 46307