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6823 Grand Ave Hammond, IN 46323

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For Sale
$1,600,000

11,850 SF retail center in Northwest Indiana.

Type:Shopping Strip
Property size:
11,850 SF
Price / 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

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Listing Contact
Mitchell Kiven

Listing agent Mitchell Kiven License #IL: 475.164486

Listing office Chicago Downtown Office

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

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

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.
More about this property
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