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    7200 Lyman Ave Hammond, IN 46324

    Pending
    For Sale
    $200,000

    Unimproved Land - Hammond, IN

    Type:Unimproved Land
    Lot size:
    3.10 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 7200 Lyman Ave

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Pending
    APN
    450612381041000023
    Lot size
    3.10 Acres

    Building Details

    Architectural style
    Other

    Reeder Companies LLC (219) 712-7150 [email protected]

    Listing agent Nathan Reeder (219) 844-7007 License #RB14034744

    Listing date Nov 8, 2025

    MLS# 830464 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

    Land Near Hammond Train Station

    This 3.1-acre parcel of unimproved land is located across from the new South Hammond Station, set to open early next year. Situated within the Transit Development District, this property offers over 300 feet of frontage to the station entrance. The location is also connected to the Monon Bike Trail, providing access to Munster, Crown Point, and Downtown Hammond. The new West Lake extension of the South Shore Line will offer six trains a day to Chicago, as well as south to Munster Ridge and the Dyer stations. Ride times to Chicago are estimated at 30 to 45 minutes. An additional 150 feet of vacant frontage, not included in this sale, could increase the total frontage on Lyman Avenue. Located within the Transit Development District, all tax revenue generated at this location will remain within the TDD, incentivizing local government approval and benefiting the immediate area of investment. This property is located in North Township and is expected to attract population growth due to its proximity to transportation options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.519503
    Latitude
    41.581827

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    FAQs

    What type of property is this?
    Land - 3.1 acres of land near new commuter rail station.
    Where is this land located?
    The property is located at 7200 Lyman Ave Hammond, IN.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Located directly across from the new South Hammond commuter rail station (South Shore Line) with six trains daily to Chicago.; - Situated within the Transit Development District (TDD), ensuring tax revenue generated stays within the immediate area.; - Over three acres of undeveloped land with over three hundred feet of frontage to the entrance of the station.
    (219) 844-7007
    Request Owner's contact information
    7200 Lyman Ave Hammond, IN 46324
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    Hammond, IN 46324
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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
    7200 Lyman Ave Hammond, IN 46324
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