Automotive Property with
For Sale
$310,000
7340 Calumet Avenue, Hammond, IN 46324
Commercial Sale, Hammond, IN
Property Size870 SF
Lot Size0.14 Acres
Price / SF$356.32
Days on Market316
Property Features for 7340 Calumet Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Lot features
Near Public Transit, Rectangular Lot
View
City
Directions
2 1/2 blocks North from I-80/94 on Calumet Ave to site on West side of street
Standard status
Active
APN
450613229023000023
Size
870 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Calumet Park Add Blk 1 Lots 7 & 8
Tax Annual Amount
7265
Legal Description
Calumet Park Add Blk 1 Lots 7 & 8
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Water source
Public
Amenities
LED Lot Lighting
Lighted Monument Sign
Lighted Building Signage
HVAC
Redeconted Interiors
Building Details
Year built
1987
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
William Loy · License #RB17001333
(219) 670-2864
Added: Oct 16, 2025
Changed: Aug 19
Last Checked: Aug 27 at 9:06AM
MLS# 829455
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 870-square-foot commercial property is currently configured as a fully operational used car dealership. The building includes customer-facing areas and a brick exterior, with a layout that can support automotive-related operations as well as retail or office use. Recent improvements include LED lighting across the lot, illuminated monument and building signs, interior redecorating, and HVAC installed within the last two years.
The property occupies 0.14 acres at 7340 Calumet Avenue in Hammond, Indiana, approximately 2 1/2 blocks north of I_80/94. Calumet Avenue carries more than 32,000 vehicles daily, and the site offers off-street parking for visitors. Public water and sewer serve the property, while heating is provided by a central, forced-air natural gas system.
The property occupies 0.14 acres at 7340 Calumet Avenue in Hammond, Indiana, approximately 2 1/2 blocks north of I_80/94. Calumet Avenue carries more than 32,000 vehicles daily, and the site offers off-street parking for visitors. Public water and sewer serve the property, while heating is provided by a central, forced-air natural gas system.
Key Highlights
- 870 square feet on a 0.14‑acre commercial site
- Currently operating as a used car dealership
- More than 32,000 vehicles daily on Calumet Avenue
Property Analytics
Property Profile
Current Use
Lease Details
32,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
29,674 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
2,451 visits/mo
0.2 miles
Demographics for 46324, IN
22,611
Population
9,427
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
86%
High-School Grad
4.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$61,118
Median Household Income
$38,457
Median Earnings
$1,157
Median Rent
$141,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7509 Calumet Ave, Hammond, IN 46324
- U-Haul Neighborhood Dealer — 1405 173rd St, Hammond, IN 46324
Frequently Asked Questions
What type of property is this?
Automotive property - Brick-front commercial building with customer areas, off-street parking, and updated HVAC near I_80/94.
Where is this automotive property located?
The property is located at 7340 Calumet Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 870 square feet on a 0.14‑acre commercial site; Currently operating as a used car dealership; More than 32,000 vehicles daily on Calumet Avenue
