5-Bay Truck
6001 Kennedy Ave, Hammond, IN 46323
For Sale
$1,500,000
Industrial facility with a paved, fenced yard, pull-through access, and dedicated office and warehouse areas.
Property Size9,153 SF
Lot Size2.40 Acres
Price / SF$166.39
Days on Market94
Property Features for 6001 Kennedy Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Power
Three-Phase Power
Amenities
driver locker rooms
secured front entrance
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Latitude Commercial
Listed By:
Aaron McDermott, CCIM · License #IN #RB14031217
(219) 545-2859
Source:
Latitudeco
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 4:22AM
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
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Investment Insights
Based on property information with market context.
Built in 1973, this industrial truck terminal includes a 9,015-square-foot building on approximately 2.4 acres. The facility offers five drive-in bays, including two pull-through bays, along with a paved and secured fenced yard designed for vehicle circulation and outdoor storage. Interior improvements include approximately 2,200 square feet of office space, approximately 6,900 square feet of warehouse area, driver locker rooms, and a controlled front entry. Warehouse ceilings are approximately 16 feet, with one 400 AMP 3-Phase service and four 200 AMP 3-Phase services.
The property is located at 6001 Kennedy Ave in Hammond, Indiana, with immediate access to U.S. Highway 20. It sits approximately two miles north of the Kennedy Avenue interchange with I-80/94 and a few miles from the Illinois state line, providing regional highway connections for transportation, distribution, service, and industrial operations.
The property is located at 6001 Kennedy Ave in Hammond, Indiana, with immediate access to U.S. Highway 20. It sits approximately two miles north of the Kennedy Avenue interchange with I-80/94 and a few miles from the Illinois state line, providing regional highway connections for transportation, distribution, service, and industrial operations.
Key Highlights
- 9,015‑square‑foot building on approximately 2.4 acres
- Five drive‑in bays, including two pull‑through bays
- Paved, fenced yard with secure outdoor storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,508
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,160
$1.3M
Cap Rate 7%
$907,257
$907.3K
Cap Rate 9%
$705,644
$705.6K
Market Conditions
NOI Build-Up for 9,015 SF
Gross rent
$79.0K $8.76/SF
− Vacancy
−$4.3K −$0.47/SF
EGI
$74.7K $8.29/SF
− OpEx
−$11.2K −$1.24/SF
NOI
$63.5K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,160
Cap Rate 7%
$907,257
Cap Rate 9%
$705,644
Alternative Uses
Best Use
Warehouse
$907.3K
$793.9K – $1.06M
NOI $63,508 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$747.1K
$653.8K – $871.7K
NOI $52,300 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,164 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
143
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial facility with a paved, fenced yard, pull-through access, and dedicated office and warehouse areas.
Where is this truck terminal located?
The property is located at 6001 Kennedy Ave Hammond, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,015‑square‑foot building on approximately 2.4 acres; Five drive‑in bays, including two pull‑through bays; Paved, fenced yard with secure outdoor storage area
