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    1542 Summer St Hammond, IN 46320

    Picture of Land at Summer St 1542, Hammond, IN
    For Sale
    $450,000

    Unimproved Land - Hammond, IN

    Type:Unimproved Land
    Lot size:
    0.25 Acres
    Days on Market:
    248
    Last Refresh:
    Dec 8 at 8:06 am

    Property Features for 1542 Summer St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    450706280006000023
    Exterior features
    Fencing
    Fencing
    Fenced
    Lot size
    0.25 Acres

    Building Details

    Year built
    1970
    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Maria Carmen Becerra (219) 934-6300 License #RB14037963

    Listing date Apr 5, 2025

    MLS# 815748 Listing URL

    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

    Unimproved Land Package in Hammond

    This offering includes a package sale with 1531 Summer St, 1532 Summer St, and 1533 Summer St in Hammond, Indiana. The property features an unimproved land area of 0.248 acres. A shop/garage is present, measuring 22x22 feet and equipped with a half bath. The shop includes a waiting area of 12x7 feet and a work area of 19x12 feet. The electrical system is 200 amp. Note that the owner is open to selling 1542 Summer Street separately, and offers are considered. Furthermore, 1531 lots are available separately for $10,000 each, and 1532 separately for $20,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.490772
    Latitude
    41.605285

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    FAQs

    What type of property is this?
    Land - Unimproved land package with shop/garage in Hammond, Indiana.
    Where is this land located?
    The property is located at 1542 Summer St Hammond, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Package sale includes three properties: 1531 Summer St, 1532 Summer St, and 1533 Summer St.; - Shop/Garage (22x22ft) with half bath and 200 amp electric.; - Shop/Garage includes a waiting area (12x7) and work area (19x12).
    (219) 934-6300
    Request Owner's contact information
    1542 Summer 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
    1542 Summer St Hammond, IN 46320
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