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    1403 Michigan St Hammond, IN 46320

    New
    For Sale
    $259,000

    COMMERCIAL - Hammond, IN

    Property size:
    2,012 SF
    Lot size:
    0.22 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 1403 Michigan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    450331407028000023
    Parking
    8
    Size
    2,012 SF
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1950

    The Lyons Group Real Estate (219) 218-1181 [email protected]

    Listing agent Jaime Birks (708) 259-6242

    Listing date Dec 8, 2025

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hammond Commercial Property For Sale

    Located on a high-traffic corner lot, this commercial property in Hammond, Indiana, was previously a bar with an established clientele. The property offers a layout suitable for a new owner or investor. The 2,012 square-foot property is situated on a 0.215-acre lot. Features include space for a pool table and jukebox, creating an atmosphere for entertainment and social gatherings. This property presents an opportunity for a new business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Our Place Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    AREA 504 BAR HAMMOND IN, 18th Street Distillery, Our Place, Just Toni's Sports Bar, Cozy Bar

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.495548
    Latitude
    41.614359

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    FAQs

    What type of property is this?
    Bar - Commercial property in Hammond, Indiana, previously a bar.
    Where is this bar located?
    The property is located at 1403 Michigan St Hammond, IN.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: - High-traffic corner lot location ideal for business; - Previously a well-established bar with loyal clientele; - Layout ready for a new bar owner or investor
    (708) 259-6242
    Request Owner's contact information
    1403 Michigan St Hammond, IN 46320
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    Hammond, IN 46320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1403 Michigan St Hammond, IN 46320
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