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Hohman Square 5217 Hohman Ave 41,000 SF 100% Leased Office Building Hammond, IN 46320 $499,000 ($12.17/SF)
INVESTMENT HIGHLIGHTS
- Redevelopment opportunity available in Downtown Hammond on Hohman Avenue
- Minutes from the newly constructed South Short Train Line
- Ground floor can be converted to retail use and upper floors can become office or apartment use
- Five story office building totaling 41,400sf
- Located on a corner lot
- Street and public parking available
EXECUTIVE SUMMARY
Approximately 41,000sf redevelopment opportunity available at 5217 Hohman Ave in Hammond. Built in 1903 and zoned C-3, this five-story property is strategically positioned in Downtown Hammond. Situated on a corner lot on Hohman and Fayette, the building offers convenient access to the newly constructed South Shore Train Line, making it an ideal location for office or apartment spaces. With the ground floor offering flexible potential for retail conversion, and ample street and public parking available, this property is a compelling choice for discerning investors seeking a value-add property in a rapidly redeveloping neighborhood.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Deferred Maintenance
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
41,000 SF
Building Class
C
Year Built
1903
Price
$499,000
Price Per SF
$12.17
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,200 SF
Building FAR
5.47
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C-3
AMENITIES
- Property Manager on Site
- Natural Light
- Reception
- Drop Ceiling
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Information
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Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 45-02-36-183-005.000-023 | Improvements Assessment | $531,200 |
| Land Assessment | $35,100 | Total Assessment | $566,300 |
PROPERTY TAXES
Parcel Number
45-02-36-183-005.000-023
Land Assessment
$35,100
Improvements Assessment
$531,200
Total Assessment
$566,300
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Hohman Square | 5217 Hohman Ave
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