Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    141 141St St Hammond, IN 46327

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    66,000 SF warehouse space available for sublease in Hammond, IN.

    Property size:
    50,000 SF
    Lot size:
    30.21 Acres

    Property Features for 141 141St St

    General Information

    Size
    50,000 SF
    Lot size
    30.21 Acres

    We can help!

    Listing Contact
    Reinier Pranger
    Reinier Pranger
    Source: Moodyscre

    Listing Agency: Cawley Chicago Listing Agent: Reinier Pranger

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

    Learn more

    Property Insight Report

    Overview

    66,000 SF Warehouse Sublease

    Available for sublease is a 66,000 square foot warehouse space. The sublease term is 11 years. The space includes 2,800 square feet of office area. Loading is facilitated by 7 overhead doors. The ceiling height reaches 24 feet. There is a car parking and storage area of 53,000 square feet. The property is equipped with security cameras and includes (2) 5-ton cranes. It is fenced and gated for security. Additional amenities include a breakroom, locker room, and multiple restrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capital Industrial Coatings, ... Construction Company Service Steel Warehouse Warehouse & Storage Muro Pallet Corp Freight Service Golf Construction Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Marathon Petroleum Corporation, WALMART CHICAGO DC Center Point 7100

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.5226808
    Latitude
    41.6416135

    Nearby Similar for Lease

    • $1,800 /Mo
      3,600 SF

      Munster Office Space For Rent

      Second floor office space with open floor plan available.
      8224 Calumet Ave, Munster, IN 46321
      View Details
    • Sponsored
      Contact for pricing

      IN, Munster - N Centennial Dr

      Workspaces, services and support to help you work better in Frisco Square
      9601 Centennial Dr, Munster, IN 46321
      View Details
    • $10 SF/Yr
      7,555 SF

      Premier Munster Office Space Available

      Remodeled office space in a meticulously maintained professional center.
      1630 45Th St, Munster, IN 46321
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available for rent near Community Hospital.
      8840 Calumet Ave, Munster, IN 46321
      View Details
    • $12 SF/Yr

      Former City Office Building

      Classic office building available for lease in Hammond, Indiana.
      649-651 Conkey St, Hammond, IN 46320
      View Details
    • $25 SF/Yr

      Renovated Medical Office in Munster

      Turn-key medical office space with modern finishes and ample parking.
      10120 Calumet Ave, Munster, IN 46321
      View Details
    • $12 SF/Yr

      Munster Retail and Office Space

      Retail and office space available in Munster's commercial district.
      417-435 Ridge Rd, Munster, IN 46321
      View Details
    • Contact for pricing

      Truck Repair Facility with I-90 Frontage

      3,072 SF truck repair facility on 2.6 acres for lease.
      3100 Sheffield Ave, Hammond, IN 46327
      View Details
    • Contact for pricing

      Calumet Avenue Commercial Building

      30,372 SF building ideal for medical, office, or retail.
      10350 Calumet Ave, Munster, IN 46321
      View Details
    • Contact for pricing

      Retail Space in Calumet Center

      Endcap retail space in a Target-anchored shopping center.
      7959 Calumet Ave, Munster, IN 46321
      View Details
    • $7 SF/Yr

      Hammond Warehouse with Trailer Parking

      40,000 SF available with heavy power and trailer parking.
      3200 Sheffield Ave, Hammond, IN 46327
      View Details

    FAQs

    What type of property is this?
    Warehouse - 66,000 SF warehouse space available for sublease in Hammond, IN.
    Where is this warehouse located?
    The property is located at 141 141St St Hammond, IN.
    What are key features of this property?
    This property features: - Under market rent; - 66,000 SF available for sublease; - 11-year sublease term
    (773) 766-5803 Call to check price and availability
    Request Owner's contact information
    141 141St St Hammond, IN 46327
    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.
    141 141St St
    Hammond, IN 46327
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    141 141St St Hammond, IN 46327
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Reinier Pranger
    Reinier Pranger
    (773) 766-5803 (312) 766-4281 (630) 735-8737
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!