Storefront Building with
6625 Kennedy Avenue, Hammond, IN 46323
For Sale
$175,000
Commercial Sale, Hammond, IN
Property Size1,250 SF
Lot Size0.07 Acres
Price / SF$140
Days on Market37
Property Features for 6625 Kennedy Avenue
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Basement
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License IN RB22001074
(708) 715-6193
Added: Oct 5
Changed: Nov 10
Last Checked: Nov 10 at 5:06PM
MLS# 846356
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.
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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 building was constructed in 1949 and includes a basement. Heating is provided by central and forced-air systems.
The 0.069-acre parcel has public water and public sewer service. Parking is available on the street.
The 0.069-acre parcel has public water and public sewer service. Parking is available on the street.
Key Highlights
- 1,250 square feet of storefront space
- 0.069‑acre parcel
- Basement included
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
$149,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Lake County, IN
Properties on Market for Storefront properties in Lake County
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 - The property includes public water and sewer service, central and forced-air heating, and on-street parking.
Where is this storefront property located?
The property is located at 6625 Kennedy Avenue 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 feet of storefront space; 0.069‑acre parcel; Basement included
