5529 Hohman Ave Hammond, IN 46320

Building Details

Year Built

1929

Listing agency Latitude Commercial a***@latitudeco.com Show Phone

Listed by Antony Miocic · License #IN #RB16000975 Show Phone

Source Latitudeco

Added: Apr 8 Updated: Jul 6 at 12:05PM Checked: Jul 6 at 12:05PM

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Investment Insights

Based on property information with market context.

Located in downtown Hammond, Indiana, this single-tenant property is currently occupied by Franciscan Health, which has been in place for the past 12 years. The property, constructed in 1929, is zoned C1 and contains 3,892 square feet of turnkey modern medical office space. The current lease extends until September 2027, providing a stable income stream. The property's current net operating income is approximately $70,000 annually. This property on Hohman Avenue presents an investment opportunity for office or medical investors seeking a long-term investment.

Key Highlights

• Stable income stream with tenant Franciscan Health in place for 12 years.
• Current NOI of approximately $70,000 annually.
• NNN single tenant property, simplifying management responsibilities.

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FAQs

What type of property is this?

Medical Office Space - NNN single tenant medical office space for sale.

Where is this medical office space 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: Stable income stream with tenant Franciscan Health in place for 12 years.; Current NOI of approximately $70,000 annually.; NNN single tenant property, simplifying management responsibilities.