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2823 Martha St, Hammond, IN 46323

Well-maintained commercial building with recent improvements to major building systems and exterior components.

Property Size3,335 SF
Days on Market144

Property Features for 2823 Martha St

General Information

Standard status Active
Size 3,335 SF
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Buildings 1
Listing Agency: Latitude Commercial
Listed By: Brett McDermott, CCIM · License #IN RB14050416
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:18PM

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 Latitude Commercial

Investment Insights

Based on property information with market context.

This 3,335-square-foot office building at 2823 Martha St offers a flexible commercial footprint in a well-maintained facility. Recent work includes updates to the roof, HVAC system, windows, and electrical infrastructure. The property is also described as having potential for retail or nonprofit use in addition to office occupancy.

The building is located near the Kennedy Avenue development and provides access to I-90/94. Its Hammond setting places the property within the Northwest Indiana market and near Illinois, supporting convenient regional connectivity.

Key Highlights

  • 3,335‑square‑foot office building
  • Recent roof, HVAC, window, and electrical improvements
  • Potential for office, retail, or nonprofit use

Property Analytics

Current Use

Praxis Strategies & Solutions Business Management Consultant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Parking Lot & Garage Pharmacy Gym & Fitness 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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

417
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Well-maintained commercial building with recent improvements to major building systems and exterior components.
Where is this office building located?
The property is located at 2823 Martha St Hammond, IN.
What are key features of this property?
This property features: 3,335‑square‑foot office building; Recent roof, HVAC, window, and electrical improvements; Potential for office, retail, or nonprofit use
(219) 864-0200 Call to check price and availability
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