474 Fayette St, Hammond, IN 46320
Renovated mixed-use building suitable for event center or microbrewery.
- Added:
- Mar 26, 2026
- Days on Market:
- 72
- Last Refresh:
- May 12 at 9:15 pm
Property Features for 474 Fayette St
General Information
- Standard status
- Active
- Size
- 6,161 SF
- Property subtype
- Retail
Listing agent David Lasser License #IN RB14026085
Listing office Commercial In-Sites LLC
Listing date Mar 26, 2026
Source Crexi
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 Commercial In-Sites LLC
HighLights
- Prime Location: Just one block from the future "New West Lake Train Station".
- Versatile Commercial Space: Boasting 5,296 SF of open space, ideal for an event center, microbrewery, or various other commercial ventures.
- Completely Renovated: Features a new roof, HVAC, LED lighting, plumbing, windows, and concrete patio.
- Two Income‑Generating Apartments: Includes a 1‑bedroom (631 SF) and a 2‑bedroom (802 SF) apartment.
- Convenient Access: Close to major highways (I‑94, Indiana Toll Road, U.S. Highway 41, U.S. Highway 30) and Chicago.
- Functional Features: Offers 13’ clear height, three overhead doors, and 480V power.
Overview
Local Financial Insights For Mixed Use
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 | $110.9k | $18.00 |
| − Vacancy | −$13.3k | −$2.16 |
| EGI | $97.6k | $15.84 |
| − OpEx | −$36.6k | −$5.94 |
| NOI | $61.0k | $9.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.5187649
- Latitude
- 41.6171205