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    5529 Hohman Ave Hammond, IN 46320

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    For Sale
    $425,000

    Single tenant medical office building in downtown Hammond for sale.

    Property size:
    3,892 SF
    Lot size:
    0.22 Acres

    Property Features for 5529 Hohman Ave

    General Information

    Size
    3,892 SF
    Lot size
    0.22 Acres

    Source: Latitude Commercial Agent Antony Miocic

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

    Overview

    Downtown Hammond Medical Office Investment

    This single-tenant medical office investment property is located in downtown Hammond on Hohman Avenue. The property is currently occupied by Franciscan Health, which has been a tenant for 12 years, with the current lease expiring in September of 2027. The building offers turnkey, modern medical office space. The property has a net operating income of approximately $70,000 annually and the property size is 3,892 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Petronella A. Adomako, ... Doctor Erica Kaufman West Infectious Disease Physician Vanessa Sarda Infectious Disease Physician Syeda Quadri Infectious Disease Physician Nancy Gamarra Flores Internist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Charles Matthews

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.5216089
    Latitude
    41.6127468

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    FAQs

    What type of property is this?
    Medical office - Single tenant medical office building in downtown Hammond for sale.
    Where is this medical office located?
    The property is located at 5529 Hohman Ave Hammond, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - NNN single tenant investment; - Tenant Franciscan Health in place for 12 years, providing stability; - Current lease expiring September of 2027
    (317) 658-5005
    Request Owner's contact information
    5529 Hohman Ave Hammond, IN 46320
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    Hammond, IN 46320
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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
    5529 Hohman Ave Hammond, IN 46320
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