Contacts
Calvary Realty
Calvary Realty
Calvary Realty
The Virtual Realty Group Indiana
Property Details
- Property Type Retail
- Property Size 494 SF
- Units 171
- Date Updated Jan 29, 2025
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
The Elite Storage Group of Calvary Realty is proud to present The Pavilion on 45th and Hi Tec Storage, a premier self-storage and retail facility located at 1834 45th St in Munster, Indiana, within the expansive Chicago-Naperville-Elgin MSA, which serves a population of over 9.4 million. This property encompasses 94,277 rentable square feet across 152 storage units and 19 Retail Suites. with a current physical occupancy of 100% for the retail suites and 75% on the storage units. Situated on 11.35 acres, this property includes substantial retail and storage space, yielding nearly $100,000 in gross monthly revenue.
Constructed of durable concrete, The Pavilion was initially built in 1970 and expanded in 2005, supporting both self-storage and retail functions. Located just 30 minutes south of downtown Chicago, this property benefits from significant daily vehicle traffic with a count of 15,883, enhancing its high visibility and access. Additionally, the property’s positioning within a densely populated and affluent region adds considerable value, making it a highly desirable asset for both local and institutional investors.
Key opportunities for expansion and growth further enhance the appeal of The Pavilion on 45th, as it includes 3.52 acres of excess land available for storage development as well as 1.65 acres of land available for retail development. This well-established property combines both storage and retail income streams, offering a compelling opportunity for investors looking to acquire a high-traffic, income-generating asset in the robust Chicago metropolitan market.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Storage & Retail Center Income
- High Foot & Vehicle Traffic
- Daily Vehicle Count of 15,883
- High Occupancy
- Nearly $100K in Gross Monthly Revenue
- *5.17 Acres of Land for Expansion (Storage & Retail)
- Chicago Metropolitan Area (30 Minutes from Downtown)
- Below Market Rates
- High Income
- Institutional Level Asset
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Munster, IN
- Zip Code 46321
- Market Chicago
Points of Interest
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Dyer
1.50 miles
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East Chicago
5.46 miles
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Gary Metro Center
9.92 miles
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Speedway
0.34 miles
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Marathon
0.49 miles
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Citgo
1.05 miles
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Exxon
1.10 miles
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BP
1.83 miles
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Meijer
1.86 miles
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Shell
1.87 miles
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Tesla Supercharger
9.61 miles
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South 173rd Street Parking
3.48 miles
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North 173rd Street Parking
3.61 miles
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169th St. Parking Garage
3.88 miles
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169th Street Parking
3.90 miles
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Griffith Municipal Parking Lot
4.18 miles
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Hammond City Hall Parking
4.83 miles
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Buses and Vans
6.98 miles
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Games
7.12 miles
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The Harvest Room
0.23 miles
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Kitaro Surf & Turf & Sushi
0.24 miles
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Covo Mediterranean
0.27 miles
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El Salto
0.28 miles
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Cafe Borgia
0.40 miles
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Red Lobster
0.62 miles
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Dunkin'
0.75 miles
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Dante's House of Pizza
1.03 miles
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True BBQ and Whiskey Bar
1.06 miles
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Subway
1.54 miles
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Jewel-Osco
1.70 miles
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Meijer
1.75 miles
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Gordon Food Service
1.89 miles
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Burlington
1.96 miles
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Kohl's
2.09 miles
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Macy's
2.11 miles
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Strack & Van Til
2.12 miles
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Target
2.14 miles
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Whole Foods Market
2.15 miles
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Ross
2.20 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.