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    4514 Calumet Ave Hammond, IN 46327

    For Sale
    $700,000

    Unimproved Land - Hammond, IN

    Type:Unimproved Land
    Lot size:
    0.14 Acres
    Days on Market:
    99
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 4514 Calumet Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    450225429018000023
    Lot size
    0.14 Acres

    Building Details

    Year built
    2025
    Architectural style
    Other

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

    Listing agent David Taylor (219) 663-3835 License #RB14023719

    Listing date Aug 29, 2025

    MLS# 826853 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

    Hammond, IN Unimproved Land

    Several vacant lots and one existing home are available, presenting opportunities for redevelopment or expansion. Located in a highly visible and heavily trafficked commercial zone in Hammond, Indiana, these parcels are suitable for various uses, including retail, office space, mixed-use development, or long-term investment. The property benefits from strong surrounding businesses, excellent accessibility, and steady growth in the area. The lot size is approximately 0.144 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.509144
    Latitude
    41.631483

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    FAQs

    What type of property is this?
    Commercial land - Vacant lots in high-traffic area, ideal for redevelopment.
    Where is this commercial land located?
    The property is located at 4514 Calumet Ave Hammond, IN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Highly visible location in a heavily trafficked commercial zone.; - Endless potential for redevelopment or expansion with vacant lots and one existing home.; - Ideal for a wide variety of uses: retail, office space, mixed-use development, or long-term investment.
    (219) 663-3835
    Request Owner's contact information
    4514 Calumet Ave Hammond, IN 46327
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    Hammond, IN 46327
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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
    4514 Calumet Ave Hammond, IN 46327
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