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1403 Michigan St 2,012 SF Retail Building Hammond, IN 46320 $225,000 ($111.83/SF)
Investment Highlights
- Set up for bar or restaurant use, featuring a wet bar and open floorplan, which provides flexibility for hospitality concepts and dining layouts.
- Additional storage located at the back of the building, suitable for inventory or operational needs.
- Security lighting adds an extra measure of safety for evening operations.
- Off-street parking for approximately 10 vehicles with alley access, enhancing convenience for patrons.
- Includes forced-air heating, public water and sewer, and cable availability, ensuring essential utilities are already in place.
Executive Summary
Your start up bar awaits you. A 2000 square feet commercial building with parking that features many of the commercial appliances you may need to get your business set up. Conveniently located on the corner of Michigan St and Tell Ave, this lot features additional storage in the back. Don't miss your opportunity to make this one your own.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
2,012 SF
Building Class
C
Year Built
1950
Price
$225,000
Price Per SF
$111.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.21 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Restaurant
- Storage Space
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-03-31-407-028.000-023 | Improvements Assessment | $107,200 |
| Land Assessment | $25,900 | Total Assessment | $133,100 |
Property Taxes
Parcel Number
45-03-31-407-028.000-023
Land Assessment
$25,900
Improvements Assessment
$107,200
Total Assessment
$133,100
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1403 Michigan St
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