The Fairmont Building

Located in a rapidly developing mixed-use campus that integrates office, medical, and unique container architecture. Located on the west side of Calumet Avenue, ½ mile south of Powers Health Hospital, 2 miles south of I-80/94. This property is centrally located for any tenant in the medical and professional industry. Less than one block to the Maple Leaf Crossing complex, which is a mix of office, retail and the Hyatt Place Hotel, 1/4 mile north of the Centennial Village which is a mix of high-end retail and office space. 28 miles southeast of Chicago. INDOT 2025 traffic count on Calumet Ave 30,297/day.Discover the opportunity to acquire 9245 Calumet Avenue, a multi-tenant commercial property located in Munster's premier commercial corridor. Currently 65% leased to 22 tenants, the property offers immediate income with substantial value-add potential. Short-term leases allow for a change of use. Built in 1978 originally as a health and racquetball club, renovated in 1988 and 2024, the building features modern interior upgrades, a freestanding digital directory, a handicap-accessible lift, and 118 on-site parking spaces. Its proximity to major healthcare providers, retailers, and residential neighborhoods makes it an attractive opportunity for investors and owner-users alike. Other Highlights • Currently 65% leased to 22 tenants at $19.00/SF average • In Place - NOI: $158K | Cap Rate: 6.3% | Price: $2,499,000 ($65.41/RSF) • Excellent value-add and upside potential leasing at $25/SF - Upper Level and $20/SF - Lower Level • Potential Income - NOI: $567,287 | Cap Rate: 16.2% | Price: $7,000,000 ($183.21/RSF) • Prime Calumet Avenue location • Minutes from Powers and Franciscan Hospitals • Transom windows throughout • LED lighting and laminate flooring • Suitable for office, medical, retail, and service users • Existing fire suppression riser in place for future sprinkler installation if needed.Introducing a prime leasing opportunity at 9245 Calumet Avenue, Munster, IN. This well-appointed property offers an ideal environment for businesses seeking a strategic and modern office space. Boasting a min/max of 491 RSF up to 2,694 RSF or more, the building is designed to accommodate a wide range of professional operations. With well-appointed amenities, ample parking, and customizable office layouts, this property provides the flexibility and functionality needed to create an efficient and productive workspace. Gross rental rate $19.00/RSF. Tenant expenses are only utilities estimated at $1.50/USF, premises janitorial and IT services. Optional janitorial premises cleaning is a tenant expense.