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7340 Calumet Ave 870 SF Retail Building Hammond, IN 46324 $310,000 ($356.32/SF)
Investment Highlights
- Modern LED lighting throughout
- Lighted Pylon and building signage
- Rare opportunity to purchase a NW Indiana used car lot!
- Built for efficient operation
- 32,000 VPD traffic count
Executive Summary
Prime commercial opportunity: Sized for low expense and efficiency of scale, 870 sq. ft. single-story property with traffic count over 32,000 daily and ample parking for +/- 20 vehicles. Ideal for entrepreneurs seeking to establish a thriving business location with high-visibility and customer accessibility. Rare opportunity to acquire an existing used car lot in NW Indiana at a very reasonable cost.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$7,265
|
$8.35
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,265
|
$8.35
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $7,265 |
| Annual Per SF | $8.35 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,265 |
| Annual Per SF | $8.35 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
870 SF
Building Class
C
Year Built
1987
Price
$310,000
Price Per SF
$356.32
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.14 AC
Zoning
C-4 - General Commercial
Parking
20 Spaces (22.99 Spaces per 1,000 SF Leased)
Frontage
50’ on Calumet Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Calumet Auto Finance
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Calumet Auto Finance | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-06-13-229-023.000-023 | Total Assessment | $182,500 (2025) |
| Land Assessment | $70,600 (2025) | Annual Taxes | $7,265 ($8.35/SF) |
| Improvements Assessment | $111,900 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
45-06-13-229-023.000-023
Land Assessment
$70,600 (2025)
Improvements Assessment
$111,900 (2025)
Total Assessment
$182,500 (2025)
Annual Taxes
$7,265 ($8.35/SF)
Tax Year
2024
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7340 Calumet Ave
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