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    3704 Sheffield Ave Hammond, IN 46327

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    For Sale
    $1,000,000

    Retail shopping center with Family Dollar and vacant space.

    Property size:
    18,000 SF
    Lot size:
    1.15 Acres

    Property Features for 3704 Sheffield Ave

    General Information

    Size
    18,000 SF
    Lot size
    1.15 Acres

    Source: Jameson Commercial Agent Steven Goldstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Center Anchored by Family Dollar

    This retail shopping center is anchored by Family Dollar. The property includes approximately 9,000 square feet of vacant space with mezzanine space, offering opportunities for a new tenant or owner-user. Family Dollar has been a tenant at the property since 2002 and has exercised multiple extension options. The Family Dollar lease is secured by a triple net lease and a corporate guarantee from Family Dollar for approximately 50% of the building. The property is located in a highly accessible and densely populated area, approximately 1.2 miles from the Hammond Station for the South Shore line and 2.3 miles from Hegewisch Station. Chicago’s Midway Airport is a 35-minute drive away.
    Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.5181661
    Latitude
    41.6462829

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    FAQs

    What type of property is this?
    Shopping center - Retail shopping center with Family Dollar and vacant space.
    Where is this shopping center located?
    The property is located at 3704 Sheffield Ave Hammond, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Family Dollar anchors the center with a corporate guarantee and a triple net lease covering approximately 50% of the building.; - Significant value-add opportunity with approximately 9,000 SF of vacant space (with mezzanine) available for a new tenant or owner/user.; - Established Family Dollar lease in place since 2002 with multiple extension options exercised and future options with rent escalations remaining.
    (312) 216-8000
    Request Owner's contact information
    3704 Sheffield Ave Hammond, IN 46327
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    Hammond, IN 46327
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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
    3704 Sheffield Ave Hammond, IN 46327
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