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7235-7241 Calumet Ave 12,106 SF Vacant Retail Building Hammond, IN 46324 $479,400 ($39.60/SF)
Investment Highlights
- Heavy Traffic Area
- Corner Lot
- Prime Location
Executive Summary
Great investment opportunity offered below market value! This established corner-lot commercial property is located in a high-traffic area along Calumet Avenue and offers over 12,000 square feet of versatile space. The building provides potential for up to 7 separate retail/commercial units, making it ideal for investors or owner-users seeking strong income potential once fully occupied. Additional value includes garage space accommodating 9+ vehicles, allowing for mixed-use possibilities, storage, or tenant amenities. Excellent visibility, flexible layout, and upside potential make this a solid value-add opportunity.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
12,106 SF
Building Class
C
Year Built
1946
Price
$479,400
Price Per SF
$39.60
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.29 AC
Zoning
C4 - General Commercial
Parking
9 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
100’ on Calumet Ave
Amenities
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-07-07-351-019.000-023 | Improvements Assessment | $265,100 |
| Land Assessment | $112,200 | Total Assessment | $377,300 |
Property Taxes
Parcel Number
45-07-07-351-019.000-023
Land Assessment
$112,200
Improvements Assessment
$265,100
Total Assessment
$377,300
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7235-7241 Calumet Ave
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