Mixed-Use Building with
105 West Thomas Street Hammond, LA 70401
105 West Thomas Street, Hammond, LA, 70401
$990,000
For Sale
$990,000
Commercial Sale, Other - Hammond, LA
Property Size5,997 SF
Lot Size0.06 Acres
Price / SF$165.08
Days on Market355
Property Features for 105 West Thomas Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,997 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1948
- Architectural style
- Other
Listing Agency
NextHome Real Estate Professionals
(985) 429-0777
101 W. Thomas St., LA
Listed by
Jeannie Crayton · License #SALE.0000072192-ACT,PersonLicenseNumber
(985) 969-1153
Added: Jul 28, 2025 Checked: Jul 17 at 6:06 am
MLS# 2514037
Listing URL
Copyright © 2026 NextHome, Inc. 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.
The iconic Toggery Building is a mixed-use property featuring ground-floor retail or commercial space and an upper level designed to accommodate residential income. The ground floor provides approximately 2,500 square feet for retail/commercial use, while the top floor includes approximately 2,500 square feet with three residential apartments.
The building is presented as a landmark opportunity in Downtown Hammond, with expansive display windows, high ceilings, and preserved architectural details.
Overall, the property totals approximately 5,997 square feet and is offered for sale as a character-forward mixed-use asset suited for retail, office, or service-based business use on the lower level, paired with income-producing residences upstairs.
The building is presented as a landmark opportunity in Downtown Hammond, with expansive display windows, high ceilings, and preserved architectural details.
Overall, the property totals approximately 5,997 square feet and is offered for sale as a character-forward mixed-use asset suited for retail, office, or service-based business use on the lower level, paired with income-producing residences upstairs.
Key Highlights
- Iconic Toggery Building built in 1948 in Downtown Hammond (mixed‑use commercial).
- Approximately 2,500 SF retail/commercial space on the ground floor.
- Approximately 2,500 SF on the top floor for additional commercial use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.3k | $23.40 |
| − Vacancy | −$19.8k | −$3.30 |
| EGI | $120.5k | $20.10 |
| − OpEx | −$30.1k | −$5.03 |
| NOI | $90.4k | $15.08 |
5,997 SF · lease $23.40/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,407 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$859.1K
$751.7K – $1.00M
NOI $60,135 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,722 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Toggery Shop
Clothing Store
IMAGINE BOUTIQUE.
Clothing & Fashion Store
Similar For Sale Nearby
Similar Off Market Nearby
- Fleur De Lis — Hammond, LA 70403
- Hammond Florist Inc — 115 W Thomas St, Hammond, LA 70401
- BIRDIE'S FLORIST — 707 W Coleman Ave C, Hammond, LA 70403
- Carol's Flowers Crafts & Gifts — 304 E Morris Ave, Hammond, LA 70403
- Lady Di’s Florist — 512 J W Davis Dr STE A, Hammond, LA 70403
FAQs
What type of property is this?
Storefront property - Mixed-use building offers ground-floor retail/commercial space and three residential apartments on the upper level.
Where is this storefront property located?
The property is located at 105 West Thomas Street Hammond, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Iconic Toggery Building built in 1948 in Downtown Hammond (mixed‑use commercial).; Approximately 2,500 SF retail/commercial space on the ground floor.; Approximately 2,500 SF on the top floor for additional commercial use.
