Value add mixed use investment opportunity with massive upside potential in EXCELLENT condition! Currently generating 1,650/month from only two residential studio units (750 and 900 each), this property offers the ability to increase income to over 5,500/month through lease-up, unit expansion, and rent stabilization. The property features six total units retail, office, and residential including a 3,000 SF commercial space and a 1,950 SF commercial/office unit, both vacant and capable of commanding 1,200-1,600/month each. Two additional vacant office spaces can rent for 500-650/month each, or could be converted into larger residential units commanding 1250-1,500/month each. Off-street parking, additional rear lot space/storage, and on site laundry make this property highly appealing to tenants. Ideal for investors seeking to build equity, increase cash flow, and reposition an underperforming asset in a strong rental market.
This is a 6-Unit Apartments building featuring 90 percent BRICK exterior and (6) 1-Bed apartments with a common Laundry Room. 3 of the 6 apartments have been fully Remodeled and Updated Flooring, Light Fixtures, Plumbing Fixtures, Stainless Steel kitchen appliances and GRANITE countertops. Baseboard heat and individual air conditioning units in each apartment. Contact agent for more info.
Prime commercial opportunity in a high-visibility location on 165th Street in Hammond. This versatile property offers excellent exposure with strong daily traffic counts, making it ideal for a wide range of business uses including retail, office, medical, or service-based operations. The space features a functional layout that can be easily adapted to meet your business needs, along with ample on-site parking for customers and employees. Conveniently located near major roadways, restaurants, and established businesses, this property provides both accessibility and visibility to help your business thrive. A great opportunity for owner-users or investors looking to establish or expand in a growing commercial corridor.
Walk Score of 75 out of 100. This location is Very Walkable so most errands can be accomplished on foot. Nearby parks include Lost Park, Harding Park and Hessville Park. One block away from the Post Office, bank, restaurants and other small businesses and just minutes away from the expressway and Cline Ave Needs a little TLC
Bring an Offer! Price Improvement! Prime corner-lot commercial building for sale in Hammond, IN. This property has been functioning as a barber college for the last few years and would make the perfect salon studio. Building was originally arranged into three different store fronts and could be return to that set up to provide a multi-functioning property or to generate rental income. There are already three separate front doors, backdoors, furnaces, AC units, and bathrooms to accommodate this change if desired. Roof is about three years old. Small private parking lot in the back.
Investment Opportunity - 6-Unit Mixed Use Building. Property Highlights: Zoning: Commercial C4 (ideal for almost any type of business)Total Units: 6 + 3-Car Garage Commercial / Retail, front Retail Units (high visibility) rear Commercial Unit (Currently operating as: Beauty Salon, Herbalife Retail, and Drift Retail Store) Residential 2 Spacious 2-Bedroom Apartments,1 Studio Apartment Extra Income Potential 3-Car Garage - rents separately for additional revenue 6429-31 Kennedy Ave Rents are as follows: Herbalife retail 900 Dollars Long term tenant month to month Beauty salon 1500 Dollars (owner-operated) looking for tenant Drift Retail store 2000 Dollars (owner operated) looking for tenant 2 car garage 600 Dollars long term tenant month to month 2 bed unit 950 Dollars lease 2 bed unit 800 Dollars lease Studio 400 Dollars lease. Seller has some security deposit for only some tenants.
5,000 SF Office Space Hammond Industrial Park Well-maintained 5,000 SF office building located in the Hammond Industrial Park, offering a functional layout ideal for owner-users or investors. The space features multiple private offices, meeting rooms, storage areas, four restrooms, and kitchen, allowing for flexible operations and staff comfort. Strategically positioned just minutes from Kennedy Avenue and Cline Avenue, the property provides excellent accessibility to major transportation corridors. Currently occupied by the owner and one tenant, offering immediate usability with built-in income potential.
Take a look at this PRIME COMMERICAL SPACE in Hammond Indiana that provides an exceptional opportunity for entrepreneurs and investors seeking a strategic location for their next business venture. Situated in a high-traffic area, it offers maximum visibility and accessibility. Once a stead-fast car lot, this space can offer many opportunities with a transferrable zoning permit from the city of Hammond. With a versatile floor plan and 7 dock spaces, you have plenty of room to get creative with your new income driven business. Schedule your showing today!
Prime mixed-use commercial property for sale on Calumet Avenue, one of Hammond's main commercial corridors. This approximately 3,400 SF building features both a restaurant space and office area, offering flexible options for food service, office, retail, or other commercial uses. Situated on a 0.12-acre lot (5,227 SF), the property enjoys excellent street visibility and convenient access to major roads. With a lease rate of $1,600 per month, this property is ideal for investors or owner-users seeking a long-term commercial opportunity with value-add potential. Located near retail, restaurants, offices, and local amenities, it provides an attractive setting for business operations and tenant demand.
Unlock the door to entrepreneurship with this exceptional 870 sq. ft. commercial property in the heart of Hammond, Indiana. Just 2 1/2 blocks North of I_80/94 this efficient gem at 7340 Calumet Ave is poised to become the canvas for your business vision while maintaining low overhead. The versatile layout offers boundless possibilities, currently a fully operational used car dealership. Adaptable for any number of retail or office uses. Where potential for every square foot speaks to opportunity. Recent improvements include Modern LED Lot Lighting, Lighted Monument Sign and Lighted Building Signage, HVAC in the last two years, and redecorated interiors for comfortable customer areas. The space works well as an automotive related location but could be molded to your unique business needs. Imagine display areas, workspaces, or a customer lounge - the choice is yours. Outside, a spacious parking lot welcomes your patrons, offering convenience in today's fast-paced world. The property's exterior, with its charming brick facade, offers a timeless appeal that will make your business stand out and offers an inviting atmosphere for all who visit. Location is key, and this property delivers. Situated on bustling Calumet Avenue, you'll benefit from high visibility and easy accessibility with a traffic count of more than 32,000 vehicles daily. The diverse neighborhood promises a steady stream of potential customers. Don't just start a business - create a legacy. This property isn't just a space; it's the launchpad for your entrepreneurial journey. With its prime location, versatile layout, and great potential, 7340 Calumet Ave is more than a property - it's your pathway to success. Seize this opportunity to turn your business dreams into reality in the heart of Hammond.
Several vacant lots along with one existing home are available, offering endless potential for redevelopment or expansion. Situated in a highly visible and heavily trafficked commercial zone, these parcels are ideal for a wide variety of uses--retail, office space, mixed-use development, or long-term investment. With strong surrounding businesses, excellent accessibility, and steady growth in the area, this is your chance to secure a strategic property in one of Hammond's most sought-after locations. Don't miss out on shaping the future of this thriving community--schedule your showing today!
Excellent exposure and access to I 80 for this 6,000 sq ft building. Excellent investment property or new location owner user. Previously used as an adult entertainment venue, but redevelopment possibilities include: Restautant, retail, contractor unit or divide/convert to multi-unit building. All utilities are connected to the building.
Wonderful multi-unit investment opportunity in high traffic area. All units are rented with long term tenants in place. Large lots with frontage on both Calumet and Baltimore Avenue. Loads of potential. Contact your agent today!
10,000 SF + Industrial Warehouse space offered for sale. Current tenant is on a month to month lease and pays 1,700.00 monthly. Property is fully fenced in with parking in fenced area along with parking on the West and East sides of the building as well. Don't let this wonderful opportunity pass you by! Schedule your tour today before it's too late!
Welcome to Hammond's inclusive Bar Dick's R.U Crazee. This fully operational bar is a rare chance to own a vibrant, welcoming venue known for its diverse atmosphere, loyal weekly guests, and lively entertainment.The bar is popular with a diverse and friendly crowd. Whether you're here for legendary karaoke, good music, an after-work cocktail, or to meet new people, you'll find a warm, judgment-free space that keeps guests coming back.Key Features:-3-way Liquor License-2 Fully operational bars (main bar & back-room)-Kitchen Ansul system-Full DJ booth, professional sound system and lighting, show stage and 2 dressing rooms. Perfect for live shows, dance nights, or private events-Liquor control pouring system -- helps boost profits and keeps service consistent-Two private restrooms for guest comfort-On-site office and storage for smooth operations and inventory-New Roof recently installed.This isn't just a bar. It's a cornerstone of the LGBTQ+ community and a vital part of local nightlife. Whether you're an investor or simply passionate about hospitality and entertainment, this established venue -operating since 1992- is ready to continue its legacy.
Prime opportunity for local entrepreneurs! This versatile 3,200 sq. ft. commercial building positioned on a double lot in the heart of Hammond offers a rare chance to start or expand your business in a neighborhood setting. The open floor plan, high ceilings, overhead garage doors and flexible layout make it ideal for low-traffic operations such as a professional office space, HVAC services, lawn care, plumbing or electrical company operations and main office, boutique fitness or yoga studio, creative workshop, photography studio, online retail store hub/warehouse or artisan workspace. The possibilities are endless with zoning approval. With excellent street visibility, a dedicated entrance, inviting client waiting room and ample on-street parking, your business can thrive while maintaining a quiet presence that complements the surrounding homes. This property has been well-maintained, with many updates and ready for your vision--bring your ideas and grow your business in this welcoming, community-centered location. Close proximity to local highways and the Indiana-Illinois state line for an easy commute to all local areas and also downtown Chicago. Major updates include addition of new bathroom in 2024, New water heater in 2025, New HVAC system, New roof, updating of client bathroom, kitchen floors, walls and paint in 2017.
For Sale: Prime Mixed-Use Property with Endless Potential - Verona Pizza + 2 ApartmentsOpportunity knocks in this unique mixed-use property offering both commercial and residential income potential! Currently home to Verona Pizza, this established pizzeria comes equipped with pizza ovens, Pepsi coolers, and everything you need to jump-start your own pizza shop or bring your own business vision to life.Upstairs, the building features two apartments - a 1-bedroom unit and a 2-bedroom unit - perfect for steady rental income or owner-occupied living. Whether you're an investor, entrepreneur, or both, this property provides the ideal setup for live-work flexibility or full rental income generation.While the building does need some TLC, the solid structure and valuable location make this a rare find with significant upside. Renovate and modernize to dramatically increase value and cash flow.Pizzeria setup with equipment includedTwo rental units: 1BR + 2BRGreat visibility and street presenceIdeal for investors or owner-operatorsPotential for multiple streams of incomeCustomize and improve for long-term gainsBring your creativity and unlock the full potential of this income-producing property right on Calumet Avenue. Schedule a showing today and explore what it could become in your hands!
Prime location for your next business venture! Situated on a high-traffic corner lot, this property was previously a well-established bar with a loyal clientele. Features include space for a pool table and juke box, creating the perfect atmosphere for entertainment and social gatherings. The layout is ready to go, offering an ideal opportunity for a new owner or investor to step in and bring their vision to life. Don't miss out on this investor's dream--start your next chapter here!
Prime Commercial Opportunity - Turnkey Restaurant with Cash-Flowing TenantsSeize this rare chance to own a .62-acre double lot featuring an operating, income-generating business included in the sale. This unique property includes two tenants: the owner-occupied Latin Bliss Restaurant, a well-established venue with a loyal customer base, and Kenwood Tap, a fully leased bar offering stable rental income.Whether you're an investor or an owner-operator, this is a turnkey opportunity to step into a thriving restaurant and bar setup with built-in cash flow. Located in a high-visibility area, the property offers endless potential for future development or expansion.Bring your vision and unlock the full potential of this incredible property!
Church and Parsonage available on 3.51 Acre site. Church possession available May 1, 2026. 4+ bedroom Parsonage is currently occupied possession available upon closing.
COMMERCIAL BUILDING FOR SALE Zoned C-1. 1800 sq. ft. brick building, corner location, off street parking. Building can be converted to any medical or professional office, retail, institutional, industrial or can be used as a school or church. Located in neighborhood but has great visibility on Conkey Street. Easy access from Calumet Avenue and the IL/IN stateline.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Hammond is located in Indiana. Hammond, Indiana has a population of 77,491. Hammond is less family-centric than the surrounding county with 24.82% of the households containing married families with children. The county average for households married with children is 27.11%.
The median household income in Hammond, Indiana is $48,107. The median household income for the surrounding county is $62,052 compared to the national median of $69,021. The median age of people living in Hammond is 36.3 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 18 degrees. The average rainfall is approximately 38.2 inches per year, with 33.3 inches of snow per year.
