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7951 Calumet Ave 45,445 SF 100% Leased Retail Building Munster, IN 46321 $14,426,490 CAD ($317.45 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- LOCATION & CONNECTIVITY: Calumet Center benefits from exceptional highway access and prominent street visibility. Positioned directly along U.S. Route
EXECUTIVE SUMMARY
Avenue (35.2K VPD) in Munster, IN (Chicago MSA), less than two blocks
from I-94 (204K VPD) and near the forthcoming South Shore Line
station connecting to downtown Chicago. Shadow-anchored by a topperforming
Target with 1.7M annual visits, the center features a durable
tenant mix including Staples, Dollar Tree, Athletico, Sally Beauty, and
a Fifth Third Bank on a ground lease. The property offers strong longterm
stability and value-add opportunities through the potential spin-off
of the Fifth Third Bank ground lease. Additional upside exists through
mark-to-market rent opportunities, allowing investors to capture further
proceeds while maintaining income from the remaining inline retail.
PROPERTY FACTS
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Excellent opportunity to lease endcap space at The Calumet Shopping Center in Calumet, Indiana. Shadow-Anchored by Target, the highly visible center is well located along Calumet Avenue with average daily traffic counts of 32,000 VPD. The 2,098 SF space, formerly occupied by GameStop, is located on the end of the center and is next door to Target. The center is located less than 2-blocks from Interstate 94 (I-94) providing local customers and commuters convenient access to the property. The center has a strong mix of co-tenants including Target, Staples, Dollar Tree, Great Clips, Sally Beauty Supply, Athletico, and Eva Nail's & Eyelashes. National retailers in close proximity include Walmart, ALDI, Starbucks, Chipotle, Panera, Wendy’s, Taco Bell, among many others.
| Space | Size | Space Use | Position | Available |
| 7959 | 2,098 SF | Retail | End Cap | Now |
7959
| Size |
| 2,098 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
7959
| Size | 2,098 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Excellent opportunity to lease endcap space at The Calumet Shopping Center in Calumet, Indiana. Shadow-Anchored by Target, the highly visible center is well located along Calumet Avenue with average daily traffic counts of 32,000 VPD. The 2,098 SF space, formerly occupied by GameStop, is located on the end of the center and is next door to Target. The center is located less than 2-blocks from Interstate 94 (I-94) providing local customers and commuters convenient access to the property. The center has a strong mix of co-tenants including Target, Staples, Dollar Tree, Great Clips, Sally Beauty Supply, Athletico, and Eva Nail's & Eyelashes. National retailers in close proximity include Walmart, ALDI, Starbucks, Chipotle, Panera, Wendy’s, Taco Bell, among many others.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-07-18-351-005.000-027 | Improvements Assessment | $5,073,479 CAD |
| Land Assessment | $3,804,209 CAD | Total Assessment | $8,877,688 CAD |
PROPERTY TAXES
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7951 Calumet Ave
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