Storefront Building with
New
For Sale
$175,000
6625 Kennedy Avenue, Hammond, IN 46323
Commercial Sale, Hammond, IN
Property Size1,250 SF
Lot Size0.07 Acres
Price / SF$140
Days on Market1
Property Features for 6625 Kennedy Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
On Street
Basement
Storage Space, Unfinished
Subdivision
Hessville Gardens
Directions
Heading North on Kennedy building is on right
Standard status
Active
APN
450709206006000023
Size
1,250 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HESSVILLE GARDENS L.24 BL.5
Tax Annual Amount
1795
Legal Description
HESSVILLE GARDENS L.24 BL.5
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Water source
Public
Building Details
Year built
1949
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Oct 5
Last Checked: Oct 5 at 10:06PM
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.
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.
Property Analytics
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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
Questions? Ask Rey
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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
