Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    16195 Minnesota Park Rd Hammond, LA 70403

    For Sale
    $450,000

    Versatile 2.5-acre lot near I-12 & Hammond Square Mall.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 2.5-acre commercial property presents a unique investment opportunity in Hammond, Louisiana's thriving corridor. Strategically situated near the bustling Hammond Square Mall and with convenient access to Interstate 12, this site enjoys high visibility and excellent connectivity. The property is zoned for a diverse range of uses, including commercial, multifamily residential, and light industrial development, providing considerable flexibility for potential buyers. This versatility allows for a wide array of development options, catering to various business needs and investment strategies. Preliminary site plans are available to illustrate potential development scenarios. Importantly, the property is located in Flood Zone X, minimizing flood risk and offering peace of mind to investors. The asking price of $450,000 represents a compelling value for a property of this size, location, and zoning potential in a rapidly growing area. This is an exceptional opportunity to acquire a prime piece of commercial real estate poised for significant future growth and return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property. Contact us today to schedule a viewing and discuss your development plans.

    Property Features for 16195 Minnesota Park Rd

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.45066
    Latitude
    30.48494

    Nearby Similar for Sale

    • $265,000
      0.28 Acres

      Mixed-Use Property with Income Potential

      Mixed-use property featuring office, duplex, and warehouse spaces.
      44216 S Range Rd, Hammond, LA 70465
      View Details
    • $1,095,000
      5,997 SF

      Iconic Mixed-Use Toggery Building

      Mixed-use commercial building in Downtown Hammond with retail and residential spaces.
      105 West Thomas St, Hammond, LA 70401
      View Details
    • $1,600,000
      1,646 SF

      Income Producing New Construction Duplexes

      Six duplexes with potential for expansion in Hammond, Louisiana.
      14007 Perks Way, Hammond, LA 70401
      View Details
    • $1,203,950

      Corner Commercial Building in Hammond

      Rare commercial building with parking in historic downtown Hammond.
      113 N Cypress St, Hammond, LA 70401
      View Details
    • $330,000
      3,200 SF

      Hammond LA Four-Plex For Sale

      Four-unit residential income property near Southeastern Louisiana University.
      612 Rue St, Hammond, LA 70403
      View Details
    • $550,000
      4,800 SF

      Hammond Apartment Complex For Sale

      Apartment complex in Hammond, LA, totaling 4,800 square feet.
      46344 Patti Ln, Hammond, LA 70403
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Versatile 2.5-acre lot near I-12 & Hammond Square Mall.
    Where is this commercial real estate located?
    The property is located at 16195 Minnesota Park Rd Hammond, LA.
    What is the asking price?
    The asking price for this property is $450,000.
    (504) 810-2825
    Request Owner's contact information
    16195 Minnesota Park Rd Hammond, LA 70403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16195 Minnesota Park Rd
    Hammond, LA 70403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16195 Minnesota Park Rd Hammond, LA 70403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.