Retail•Street Retail•For Sale

Hammond Investment Property

6214-6228 Indianapolis Blvd., Hammond, Indiana 46320

Sale Price $255,000
Sale Type Investment
Bldg Type Multi-Tenant
Vacancy 100%
Gross Bldg 3,130 SqFt
Land Area .75 Acres
Investment property located On Indianapolis Blvd in Hammond, Indiana. Eligible for facade rebate from the city. Property consists of 2 long-term tenants with leases in place. Tenants have been in the building 5+ years. 11.75% cap rate on in place income. Located near the Sportsplex and Potash Facility. This investment property is located on the southwest corner of Indianapolis Blvd and Summer St. in Hammond, IN. The property consists of 2 businesses. All tenants have been leasing the property for several years and the property is profitable. Hammond is part of the Chicago metropolitan area. The population was 80,830 at the 2010 census, and is the most populous city in Lake County, Indiana.
  • Long-Term Tenants in place
  • 11.75% Cap Rate on the In-Place income
  • City of Hammond Facade Rebate Area
  • Close Proximity to 80/94 Indianapolis Blvd Interchange
  • Near new Potash facility
  • Located near the new Hammond Sportsplex
7/1/2019 8:50:10 PM 11/8/2019 6:33:13 PM
Aaron McDermott, CCIM
President
Latitude Commercial Real Estate

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