The Fairmont Building

Investment Overview

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.