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7444 Kennedy Ave Hammond, IN 46323

Sponsored
For Sale
$675,000

High-Visibility, Two-Unit Commercial Property with Expansion Potential

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional investment opportunity presents a two-unit commercial strip mall situated on a 0.34-acre lot at 7444 Kennedy Avenue in Hammond, Indiana. Boasting a prime location with high visibility from the 80/94 expressway, this property ensures excellent accessibility for customers and high traffic exposure. The building comprises two separate units, currently occupied by tenants under favorable lease agreements. The anchor tenant, a top-performing Domino's Pizza franchise, is secured with a triple-net (NNN) lease extending to 2025, with two additional five-year extension options. The second unit is occupied under a new NNN lease commencing January 1, 2024, with two three-year renewal options. This provides immediate and long-term rental income stability. Further enhancing the investment potential, the City of Hammond has approved plans for the addition of a third unit to the existing structure. This expansion opportunity is complemented by an adjacent vacant 0.34-acre lot (parcel # 45-07-16-179-016.000-023, located at 7504 Kennedy Ave), providing ample space for additional parking to accommodate the growth. A brand new roof was installed in Spring 2024, minimizing immediate maintenance concerns. The property is offered at $675,000, representing a compelling investment in a thriving commercial area. This is a rare opportunity to acquire a well-established, income-producing property with significant upside potential.

Property Features for 7444 Kennedy Ave

General Information

Property type
Other commercial real estate
Lot Size
14,810 SF

Building Details

Year Built
2004

Property Profile Location Intelligence

Current Use by Public Records

Smoke shop superstore Smoke Shop Domino's Pizza Pizza Delivery

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
-87.46204
Latitude
41.57774

FAQs

What type of property is this?
Commercial real estate - High-Visibility, Two-Unit Commercial Property with Expansion Potential
Where is this commercial real estate located?
The property is located at 7444 Kennedy Ave Hammond, IN.
What is the asking price?
The asking price for this property is $675,000.
More about this property
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