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    7340 Calumet Ave Hammond, IN 46324

    For Sale
    $310,000

    Retail - Hammond, IN

    Type:Retail
    Property size:
    870 SF
    Lot size:
    0.14 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 7340 Calumet Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    APN
    450613229023000023
    Parking features
    Off Street
    Exterior features
    Lighting
    Size
    870 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central, Forced Air, Natural Gas

    Building Details

    Year built
    1987
    Architectural style
    Other

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

    Listing agent William Loy (219) 322-5508 License #RB17001333

    Listing date Oct 17, 2025

    MLS# 829455 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 Retail Opportunity on Calumet

    This 870 square foot commercial property is located on Calumet Avenue in Hammond, Indiana, just 2 1/2 blocks North of I-80/94. Currently a fully operational used car dealership, the versatile layout is adaptable for a number of retail or office uses. Recent improvements include modern LED lot lighting, a lighted monument sign and lighted building signage, HVAC installed in the last two years, and redecorated interiors. The space could be molded to unique business needs with display areas, workspaces, or a customer lounge. A spacious parking lot is available for patrons. The property's exterior features a brick facade. Situated on Calumet Avenue, the location benefits from high visibility and easy accessibility with a traffic count of more than 32,000 vehicles daily. The property is located in a diverse neighborhood. The property is situated on a lot of 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Djorovic Auto Sales Auto Repair Shop Calumet Auto Finance Used Car Dealer

    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

    U-Haul Moving & Storage of Hammond, Trailer Rental at U-Haul, Propane Refill at U-Haul, U-Box at U-Haul

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.509401
    Latitude
    41.57962

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    FAQs

    What type of property is this?
    Automotive property - 870 SF retail space on Calumet Avenue with high visibility.
    Where is this automotive property located?
    The property is located at 7340 Calumet Ave 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: - High-visibility location on Calumet Avenue with over 32,000 vehicles daily.; - Versatile 870 sq. ft. space adaptable for retail or office use, currently a used car dealership.; - Recent improvements including LED lighting, lighted signage, HVAC (last two years), and redecorated interiors.
    (219) 322-5508
    Request Owner's contact information
    7340 Calumet 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
    7340 Calumet Ave Hammond, IN 46324
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