Building Details

Tenancy Multi

Listing Agency: Latitude Commercial b***@latitudeco.com Show Phone

Listed By: Brett McDermott, CCIM · License #IN RB14050416

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 11:07PM

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Investment Insights

Based on property information with market context.

This 100% occupied retail shopping center in Hammond, Indiana is anchored by Schoop's Hamburgers. The anchor tenant has more than six years remaining on its lease term with options to renew. Additional tenants include a local attorney who recently signed a three-year lease and a hair salon.

The property is located on Indianapolis Boulevard, two blocks north of I-80/94, and features high visibility along the corridor. It is within about one-half mile of Purdue University Northwest, with several established nearby retailers including BMO Harris, Papa John's, Sherwin Williams, Dunkin', and Pizza Hut.

The center’s current tenancy provides an in-place retail mix with active leases for the anchor and the two described supporting tenants.

Key Highlights

• 100% occupied retail center in Hammond, IN on Indianapolis Boulevard
• Anchored by Schoop's Hamburgers with over 6 years remaining and renewal options
• Tenant mix includes an attorney with a newly signed 3‑year lease and a hair salon

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency HVAC Service Pharmacy Hair Salon Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

375

Businesses Nearby

34k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 73% Shops & Services 23% Home Improvements & Furnishings 4%

Dunkin' Donuts Dining

11,809 visits/mo 0.2 miles

Family Dollar Shops & Services

7,452 visits/mo 0.4 miles

Wingstop Dining

5,441 visits/mo 0.1 miles

Schoop's Hamburgers Dining

3,655 visits/mo 0.0 miles

Papa John's Pizza Dining

3,444 visits/mo 0.1 miles

Demographics for 46324, IN

22,611

Population

9,427

Households

2.4

Avg Household Size

36

Median Age

15%

College-Educated

86%

High-School Grad

4.4 sq mi

ZIP Area

5,139

Density / Sq Mi

$61,118

Median Household Income

$38,457

Median Earnings

$1,157

Median Rent

$141,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Fully occupied Hammond retail center anchored by Schoop's Hamburgers on Indianapolis Boulevard.

Where is this shopping center located?

The property is located at 7235-37 Indianapolis Boulevard Hammond, IN.

What are key features of this property?

This property features: 100% occupied retail center in Hammond, IN on Indianapolis Boulevard; Anchored by Schoop's Hamburgers with over 6 years remaining and renewal options; Tenant mix includes an attorney with a newly signed 3‑year lease and a hair salon