This Specialty Property is no longer advertised on LoopNet.com.

1212 172nd St
Hammond, IN 46324
Tribologik Labs · Specialty Property For Sale · 8,568 SF

Investment Highlights

  • The property generates a net operating income (NOI) of $138,802, with a competitive cap rate of 9.00%, making it a strong cash-flowing asset
  • Offers access to Chicago metropolitan market without the challenges associated with Illinois' high property taxes and regulatory environment
  • Leased on NNN basis with solid tenant in the Industrial Lab industry, representing a secure investment with low landlord responsibilities
  • Located in the Chicago metro area, which is known for its large, diverse employment base and strong demand for industrial facilities

Property Facts

Property Type Specialty
Property Subtype Public Library
Building Class B
Lot Size 1.51 AC
Building Size 8,568 SF
No. Stories 1
Year Built 1986
Parking Ratio 4.67/1,000 SF
Zoning Commercial - Commercial

Property Taxes

Property Taxes

Parcel Number
45-07-07-454-018.000-023
Land Assessment
$85,200
Improvements Assessment
$235,000
Total Assessment
$320,200
  • Listing ID: 33933087

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 1212 172nd St, Hammond, IN 46324

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