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Four-Unit Retail/Industrial Building
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7235-7241 Calumet Ave, Hammond, IN 46324

Four-unit property with two leased retail spaces and two light industrial units plus four garages and onsite parking.

Property Size8,906 SF
Price / SF$58.95
Days on Market400

Property Features for 7235-7241 Calumet Ave

General Information

Standard status Active
Size 8,906 SF
Property subtype RETAIL

Additional Details

Highway Access Yes

Amenities

4 garages
onsite parking
Listing Agency: Latitude Commercial
Listed By: Chandler Kimmel · License ##RB22001170
Source: Moodyscre
Added: Sep 24, 2025 Changed: Oct 25 Last Checked: Oct 26 at 7:17PM

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 Latitude Commercial

Rey
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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 four-unit building offers a mix of uses, with two fully leased retail spaces and two light industrial spaces. The property includes four garages for operational flexibility and onsite parking to support day-to-day access.

The building provides high visibility and exposure on Calumet Avenue and is located just two minutes from I-94, supporting convenient regional access.

In addition to the existing units, adjacent parcel owners are open to selling, offering the possibility of expanded development opportunities if you choose to assemble surrounding land.

Key Highlights

  • 4‑unit property with 2 fully leased retail spaces and 2 light industrial spaces
  • High visibility and exposure on Calumet Avenue
  • Just 2 minutes from I‑94

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Gym & Fitness Center Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

387
Businesses Nearby

Demographics for 46324, IN

22,611
Population
9,427
Households
2.4
Avg Household Size
36
Median Age
15%
College-Educated
86%
High-School Grad
4.4 sq mi
ZIP Area
5,139
Density / Sq Mi
$61,118
Median Household Income
$38,457
Median Earnings
$1,157
Median Rent
$141,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Four-unit property with two leased retail spaces and two light industrial units plus four garages and onsite parking.
Where is this retail space located?
The property is located at 7235-7241 Calumet Ave Hammond, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 4‑unit property with 2 fully leased retail spaces and 2 light industrial spaces; High visibility and exposure on Calumet Avenue; Just 2 minutes from I‑94
(219) 218-8200 Call to check price and availability
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