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Hammond, IN Land Opportunity
For Sale
Under Contract
$700,000

4514 Calumet Avenue, Hammond, IN 46327

Land, Hammond, IN

Property SizeContact for details
Lot Size0.14 Acres
Days on Market357

Property Features for 4514 Calumet Avenue

General Information

Property type Land
Property subtype Other
Directions I-90 W to 141st St, Turn left onto Calumet Ave, Destination will be on the right
Standard status Active Under Contract
APN 450225429018000023
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description HOFFMAN'S 3RD ADD BLK 11 LOTS 42&43
Tax Annual Amount 1312
Legal Description HOFFMAN'S 3RD ADD BLK 11 LOTS 42&43

Utilities

Utilities Cable Available
Water source Public
Listing Agency: McColly Real Estate
Listed By: David Taylor · License #RB14023719
Added: Aug 29, 2025 Changed: Aug 19 Last Checked: Aug 20 at 11:06AM
MLS# 826860

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Several vacant lots, along with one existing home, are available in Hammond, Indiana. The parcels are situated in a highly visible and heavily trafficked commercial zone. The combined lot size is 0.144 acres. These lots are suitable for a variety of uses, including retail, office space, mixed-use development, or long-term investment. The location benefits from strong surrounding businesses, excellent accessibility, and steady growth in the area. This property is located in Lake County.

Key Highlights

  • Highly visible location in a heavily trafficked commercial zone.
  • Endless potential for redevelopment or expansion with vacant lots and one existing home.
  • Ideal for a wide variety of uses: retail, office space, mixed‑use development, or long‑term investment.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Kitchen & Bath Showroom Nail Salon

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

Location Intelligence

Trade Area within ½ mile

357
Businesses Nearby

Demographics for 46327, IN

11,078
Population
4,389
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
77%
High-School Grad
4.6 sq mi
ZIP Area
2,408
Density / Sq Mi
$50,457
Median Household Income
$30,939
Median Earnings
$1,133
Median Rent
$116,900
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Vacant lots in high-traffic area, ideal for redevelopment.
Where is this commercial land located?
The property is located at 4514 Calumet Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Highly visible location in a heavily trafficked commercial zone.; Endless potential for redevelopment or expansion with vacant lots and one existing home.; Ideal for a wide variety of uses: retail, office space, mixed‑use development, or long‑term investment.
More about this property
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