Storefront
For Sale
$175,000
6625 Kennedy Ave, Hammond, IN 46323
Available as an individual acquisition or within a portfolio.
Property Size1,250 SF
Price / SF$140
Days on Market42
Property Features for 6625 Kennedy Ave
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Building Details
Year Built
1949
Listing Agency:
McColly Real Estate
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Source:
Nwindianahomesearcher
Added: Sep 17
Changed: Oct 25
Last Checked: Oct 28 at 8:48AM
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 McColly Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,250-square-foot storefront property was built in 1949. It is located at 6625 Kennedy Ave in Hammond, Indiana and may be acquired on its own or as part of a portfolio.
Key Highlights
- 1,250‑square‑foot storefront property
- Built in 1949
- Can be purchased individually or as part of a portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,046
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,920
$240.9K
Cap Rate 7%
$172,086
$172.1K
Cap Rate 9%
$133,844
$133.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$18.0K $14.40/SF
− Vacancy
−$792 −$0.63/SF
EGI
$17.2K $13.77/SF
− OpEx
−$5.2K −$4.13/SF
NOI
$12.0K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,920
Cap Rate 7%
$172,086
Cap Rate 9%
$133,844
Alternative Uses
Best Use
Retail
$172.1K
$150.6K – $200.8K
NOI $12,046 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$349.0K
$305.3K – $407.1K
NOI $24,427 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 32%
Shops & Services 32%
Electronics 2%
Strack & Van Til
Groceries
33,307 visits/mo
0.3 miles
Burger King
Dining
19,460 visits/mo
0.3 miles
Chase Bank
Shops & Services
14,962 visits/mo
0.3 miles
KFC
Dining
8,272 visits/mo
0.2 miles
Dollar General
Shops & Services
7,894 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Butterfliesfloristevents — 7120 kennedy ave, hammond, in 46323
Frequently Asked Questions
What type of property is this?
Storefront property - Available as an individual acquisition or within a portfolio.
Where is this storefront property located?
The property is located at 6625 Kennedy Ave Hammond, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,250‑square‑foot storefront property; Built in 1949; Can be purchased individually or as part of a portfolio
