Franciscan Medical - Hammond 5529 Hohman Ave 3,892 SF Office Building Hammond, IN 46320 $399,000 ($102.52/SF) 17.37% Cap Rate

This 3,892 SF property, built in 1929 and zoned C1, holds significant appeal for office and medical users looking for space in Downtown Hammond. Leased to Franciscan Health for 12 years, the current lease ends in September 2027, presenting a seamless transition for an owner-user by Q4 of 2027. Prominently located in Downtown Hammond on Hohman Avenue, this turnkey modern medical office space offers a prime opportunity for strategic investment and future success within the medical and office sectors. Taxes approximately $7,500 annually. n.
This property is located on the southeast corner of Hohman Avenue and Condit Street in Downtown Hammond. Hammond is a city in Lake County, Indiana. Located along Lake Michigan, it is part of the Chicago metropolitan area and the only city in Indiana to border Chicago. As of the 2020 census, it is the eighth-most populous city in Indiana, with 77,879 residents. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Part of the Rust Belt, Hammond has been industrial almost from its inception but is also home to a campus of Purdue University and numerous historic districts. Downtown Hammond has the South Shore Rail extension coming and is undergoing a large scale revitalization.