Free-Standing Building on Corner
5646 Hohman Ave Hammond, IN
5646 Hohman Ave, Hammond, IN, 00000
Contact for pricing
For Sale
Contact for pricing
4,977 SF building suitable for retail, service, or flex uses.
Property Size4,977 SF
Lot Size0.34 Acres
Price / SF$74.14
Days on Market301
Property Features for 5646 Hohman Ave
General Information
- Standard status
- Active
- Size
- 4,977 SF
- Lot size
- 0.34 Acres
- Property subtype
- RETAIL
Listing Agency
Latitude Commercial
(219) 545-4328
Listed by
Brett McDermott · License #RB14050416
(219) 545-4328
Source
Moodyscre
Added: Sep 24, 2025 Updated: Jul 6 at 10:26 am Checked: Jul 19 at 5:11 am
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 is a 4,977 square-foot free-standing building situated on a 0.34-acre site. The property benefits from a corner location at Hohman Avenue and Carroll Street. It is suitable for retail, service, or flex uses. The property includes generous parking. There is potential to add a rear overhead garage door for enhanced flexibility.
Key Highlights
- 4,977 SF free‑standing building
- Situated on a 0.34‑acre site with generous parking
- Corner location at Hohman Ave & Carroll St.
Local Financial Insights For Industrial
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 | $43.6k | $8.76 |
| − Vacancy | −$2.3k | −$0.47 |
| EGI | $41.2k | $8.29 |
| − OpEx | −$12.4k | −$2.49 |
| NOI | $28.9k | $5.80 |
4,977 SF · lease $8.76/SF/yr · vacancy 5.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$685.2K
$599.5K – $799.4K
NOI $47,961 @ 7.0% cap · market cap 13.00%
Second Best
Industrial
$412.5K
$360.9K – $481.2K
NOI $28,874 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,257 @ 7.0% cap · market cap 26.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 4,977 SF building suitable for retail, service, or flex uses.
Where is this retail space located?
The property is located at 5646 Hohman Ave Hammond, IN.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 4,977 SF free‑standing building; Situated on a 0.34‑acre site with generous parking; Corner location at Hohman Ave & Carroll St.
