Retail-Office Building with Ample
2620 165th St Hammond, IN 46323
For Sale
$915,000
Pending
Versatile space on 165th Street with on-site parking and adaptable layout for retail, office, medical, or services.
Property Size8,656 SF
Days on Market127
Property Features for 2620 165th St
General Information
Standard status
Pending
Size
8,656 SF
Listing Agency:
Realest.com
(219) 293-1657
Listed By:
Joshua Austgen
(219) 293-1657
Source:
Exprealty
Added: Mar 25
Changed: Jul 26
Last Checked: Jul 26 at 2:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realest.com
Investment Insights
Based on property information with market context.
This for-sale commercial property offers a functional, adaptable layout suitable for a range of business needs. The space is described as versatile for retail, office, medical, or service-based operations, with configuration that can be tailored to your requirements.
Located at 2620 165th St in Hammond on 165th Street, the property is positioned for strong day-to-day exposure. The remarks also note ample on-site parking for customers and employees, along with convenient access to major roadways and nearby restaurants and established businesses.
The building is listed for sale at 8,656 square feet, providing a flexible option for owner-users or investors looking to establish or expand within a growing commercial corridor.
Located at 2620 165th St in Hammond on 165th Street, the property is positioned for strong day-to-day exposure. The remarks also note ample on-site parking for customers and employees, along with convenient access to major roadways and nearby restaurants and established businesses.
The building is listed for sale at 8,656 square feet, providing a flexible option for owner-users or investors looking to establish or expand within a growing commercial corridor.
Key Highlights
- Versatile commercial property on 165th Street in Hammond with an adaptable layout
- Suitable for retail, office, medical, or service‑based business uses
- High‑visibility location on 165th Street with strong daily traffic counts
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.6k | $14.40 |
| − Vacancy | −$5.5k | −$0.63 |
| EGI | $119.2k | $13.77 |
| − OpEx | −$35.7k | −$4.13 |
| NOI | $83.4k | $9.64 |
8,656 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,798 @ 7.0% cap · market cap 12.00%
Second Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,413 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$2.42M
$2.11M – $2.82M
NOI $169,149 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Versatile space on 165th Street with on-site parking and adaptable layout for retail, office, medical, or services.
Where is this office units located?
The property is located at 2620 165th St Hammond, IN.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Versatile commercial property on 165th Street in Hammond with an adaptable layout; Suitable for retail, office, medical, or service‑based business uses; High‑visibility location on 165th Street with strong daily traffic counts
