Retail-Office Building with Ample
For Sale
$915,000
Pending
2620 165th St, Hammond, IN 46323
Versatile space on 165th Street with on-site parking and adaptable layout for retail, office, medical, or services.
Property Size8,656 SF
Days on Market218
Property Features for 2620 165th St
General Information
Standard status
Pending
Size
8,656 SF
Taxes and HOA fees
Annual Taxes
$9,692
Listing Agency:
Realest.com
(219) 808-1520
Listed By:
Joshua Austgen
(219) 293-1657
Source:
Exprealty
Added: Mar 25
Changed: Oct 25
Last Checked: Oct 26 at 7:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$83,413
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,260
$1.7M
Cap Rate 7%
$1,191,614
$1.2M
Cap Rate 9%
$926,811
$926.8K
Market Conditions
NOI Build-Up for 8,656 SF
Gross rent
$124.6K $14.40/SF
− Vacancy
−$5.5K −$0.63/SF
EGI
$119.2K $13.77/SF
− OpEx
−$35.7K −$4.13/SF
NOI
$83.4K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,260
Cap Rate 7%
$1,191,614
Cap Rate 9%
$926,811
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 46323, IN
22,510
Population
8,955
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
85%
High-School Grad
6.2 sq mi
ZIP Area
3,631
Density / Sq Mi
$56,906
Median Household Income
$35,292
Median Earnings
$1,189
Median Rent
$149,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile space on 165th Street with on-site parking and adaptable layout for retail, office, medical, or services.
Where is this office unit 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
