6823 Grand Ave Hammond, IN 46323
11,850 SF retail center in Northwest Indiana.
Type:Shopping Strip
Property size:
11,850 SFPrice / SF:
$135/SF- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 5:11 am
Property Features for 6823 Grand Ave
General Information
- Standard status
- Active
- Size
- 11,850 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 1968
Listing agent Mitchell Kiven License #IL: 475.164486 (312) 624-7006
Listing office Chicago Downtown Office (312) 624-7006
Listing date Apr 3, 2026
Source Marcusmillichap
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 Chicago Downtown Office
Overview
Hammond Retail Center For Sale
This 11,850 square foot retail center is located in Northwest Indiana, within the Chicago MSA. The property is fully occupied, with all tenants operating on true NNN leases, reimbursing for their pro rata share of real estate taxes, CAM, insurance, management, and administrative fees. The tenants are synergistic, and the suite sizes are uniformly small and compact, with the majority averaging about 1,000 square feet. The tenants benefit from prominent pylon signage, as well as unrestricted ingress and egress from the property’s access points. The site is adjacent to an Autozone and kitty corner to a Save-a-Lot Grocery anchored retail center. The surrounding demographics are dense, with close to 200,000 people within a 5-mile radius. The property is near Morton High School, with a student body of 1,500. Grand Foods, the anchor tenant, recently extended their lease for five years and increased their base rent from $6 per square foot to $10 per square foot, with strong annual increases. The tenants also do not currently have the benefit of option periods, which provides a new owner with additional flexibility.
Location Intelligence
Current Use by Public Records
GGC Catering and Eatery
Restaurant
Similar Places Nearby
- Briar East Shopping Center — 3434 169th St, Hammond, IN 46323
- Pyramid Business Incubator & Venue #30 — 3536 169th St, Hammond, IN 46323
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.4417042
- Latitude
- 41.589045
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - 11,850 SF retail center in Northwest Indiana.
Where is this shopping center located?
The property is located at 6823 Grand Ave Hammond, IN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High 9.75% CAP rate offers a strong return on investment.; Fully occupied retail center with tenants operating under NNN leases, minimizing landlord responsibilities.; Anchor tenant, Grand Foods, recently extended their lease for five years with increased base rent and strong annual increases.
