1650 W 45th Street, Munster, IN 46321 (MLS# 839487)

1650 W 45th Street, Munster, IN 46321

$2,450,000

Property Type: Commercial Sale Square Footage: 22,125 Lot Size (sq. ft.): 91,476 Status: Active

Current Price: $2,450,000 List Date: 5/24/2026 Last Modified: 5/24/2026

Overview

Description

INDOOR MINI BUISNESS PARK. 83 percent Occupancy. Many long time tenants. Clients can park near the front or rear entries. Plenty of parking. Rear entry has ramp for wheel chair access. Inside is a brick paver walk way . Complete with old fashioned lighting and storefronts of yesterday. Everything is on 1 level. Great office space, Business or a Specialzed retail store.

Listing Details MLS# 839487

General Property Information

Number Of Units Total: 17
Living Area: 22125
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1975
Parking Total: 50
Lot Size Acres: 2.1
Lot Size Square Feet: 91476
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Accessibility Features: Accessible Approach with Ramp Building Features: Acoustical Ceiling(s); Exterior Lighting; Inside Corridor(s); Mixed Use; Strip Mall Location; Suspended Ceiling(s) Business Type: Medical; Mixed; Retail; Other Construction Materials: Brick Cooling: Central Air Current Use: Mixed Use; Retail; See Remarks Electric: 100 Amp Service Exterior Features: Lighting Flooring: Other Heating: Forced Air; Natural Gas Listing Terms: Cash; Conventional Lock Box Information: Call Listing Office Owner Pays: Common Area Maintenance; Grounds Care; Insurance; Roof Maintenance; Sewer; Trash Collection; Water Parking Features: Additional Parking; Paved Possession: Subject To Tenant Rights Possible Use: Mixed Use; Office; Place of Worship; Other; See Remarks Rail Availability: None Roof: Asphalt; Metal Sewer: Public Sewer Special Licenses: Other Special Listing Conditions: None Tenant Pays: Cable TV; Electricity; Gas; Hot Water; Insurance; Snow Removal; Taxes Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 2450000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Common Interest: None
Owner Name: Ladd Family LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1650
Street Direction Prefix: W
Street Name: 45th
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46321
Subdivision Name: Shopping Center 45 Ave Add

Remarks and Miscellaneous

Public Remarks: INDOOR MINI BUISNESS PARK. 83 percent Occupancy. Many long time tenants. Clients can park near the front or rear entries. Plenty of parking. Rear entry has ramp for wheel chair access. Inside is a brick paver walk way . Complete with old fashioned lighting and storefronts of yesterday. Everything is on 1 level. Great office space, Business or a Specialzed retail store.

Status Change Information

Major Change Timestamp: 2026-05-24T19:29:51Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-24

More Information

Building Features

Building Dimensions: 100 x 219
Clear Ceiling Height: 8'
Unit Dimensions: 40' X 50' 2,000 SF
Acoustical Ceiling(s): Yes
Exterior Lighting: Yes
Inside Corridor(s): Yes
Mixed Use: Yes
Strip Mall Location: Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: No

Income and Expenses

Electric Expense: 4200
Gross Scheduled Income: 220200
Insurance Expense: 8200
Maintenance Expense: 5100
New Taxes Expense: 44000
Operating Expense: 68820
Other Expense: 1200
Trash Expense: 1920
Water Expense: 4200

Showing Requirements

Showing Instructions: Call / Text John Consier (219) 713-0943

Location, Tax, and Legal

School District: Munster
Tax Annual Amount: 42184
Tax Year: 2024
Tax Legal Description: 45TH AVENUE SHOPPING CENTER ADDITION LOT 1
Parcel Number: 450732103001000027
Additional Parcels YN: No
Township: North
Directions: US 41 to 45th Street West. On left / South side of 45th Just past the light where Citgo station is.
Census Tract: 404.02

Accessibility Features

Accessible Approach with Ramp: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes

Exterior Features

Lighting: Yes

Flooring

Other: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lock Box Information

Call Listing Office: Yes

Parking Features

Additional Parking: Yes
Paved: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Asphalt: Yes
Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

Common Area Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Roof Maintenance: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Hot Water: Yes
Insurance: Yes
Snow Removal: Yes
Taxes: Yes

Current Use

Mixed Use: Yes
Retail: Yes
See Remarks: Yes

Possible Use

Mixed Use: Yes
Office: Yes
Place of Worship: Yes
Other: Yes
See Remarks: Yes

Business Type

Medical: Yes
Mixed: Yes
Retail: Yes
Other: Yes

Rail Availability

None: Yes

Special Licenses

Other: Yes

Listing Office: Realty Executives Premier

Last Updated: May - 24 - 2026

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