Storefront Property with
New
For Sale
$175,000
6627 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 6627 Kennedy Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Rooms
Basement
Parking
2
Parking features
On Street
Basement
Unfinished
Subdivision
Hessville Gardens
Directions
Heading North on Kennedy building is on right.
Standard status
Active
APN
450709206007000023
Size
1,250 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HESSVILLE GARDENS L.23 BL.5
Tax Annual Amount
1795
Legal Description
HESSVILLE GARDENS L.23 BL.5
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
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# 846357
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 property was built in 1950 and occupies a 0.069-acre parcel. A basement adds below-grade space, and the building is heated with natural gas and forced air. Public water and sewer serve the property.
Parking is on street. The property is available on its own or as part of a portfolio.
Parking is on street. The property is available on its own or as part of a portfolio.
Key Highlights
- 1,250 square feet of building area on a 0.069‑acre parcel
- Built in 1950
- Basement
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 building has gas-fired forced-air heat and public water and sewer service.
Where is this storefront property located?
The property is located at 6627 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 building area on a 0.069‑acre parcel; Built in 1950; Basement
