Two-Building Mixed-Use
For Sale
Contact for pricing
Pending
7302 Columbia Ave, Hammond, IN 46324
Corner-lot asset combines storefront space with two upstairs apartments.
Property SizeContact for details
Days on Market143
Property Features for 7302 Columbia Ave
General Information
Standard status
Pending
Total Parking Spaces
4
Property subtype
Retail, Multifamily, Mixed Use
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
8%
Corner Location
Yes
Amenities
fully fenced in backyard
Building Details
Buildings
2
Listing Agency:
McCormick Real Estate
(219) 613-5643
Listed By:
Jeff Mccormick · License #IN RB14033291
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:46AM
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 McCormick Real Estate
Investment Insights
Based on property information with market context.
Located at 7302 Columbia Ave in Hammond, Indiana, this mixed-use property includes two separate buildings on a corner lot. The front all-brick structure contains a storefront formerly configured for dry cleaning and a three-bedroom, one-bath apartment above. Its water heater was replaced 3 years ago.
The rear building provides another storefront, a half bath, and storage on the main level, with a two-bedroom, one-bath apartment upstairs. Rebuilt in 2002, the building has a roof replaced 3 years ago. Additional site features include a fully fenced backyard and 4 parking spaces. The property carries a reported net CAP rate of 8%. Appliances may remain, while dry-cleaning equipment is subject to the buyer’s interest in the business.
The rear building provides another storefront, a half bath, and storage on the main level, with a two-bedroom, one-bath apartment upstairs. Rebuilt in 2002, the building has a roof replaced 3 years ago. Additional site features include a fully fenced backyard and 4 parking spaces. The property carries a reported net CAP rate of 8%. Appliances may remain, while dry-cleaning equipment is subject to the buyer’s interest in the business.
Key Highlights
- Two separate mixed‑use buildings on a corner lot
- Front building includes a storefront and 3‑bedroom/1‑bath apartment
- Rear building offers storefront, half bath, storage, and 2‑bedroom/1‑bath apartment
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot asset combines storefront space with two upstairs apartments.
Where is this mixed-use property located?
The property is located at 7302 Columbia Ave Hammond, IN.
What are key features of this property?
This property features: Two separate mixed‑use buildings on a corner lot; Front building includes a storefront and 3‑bedroom/1‑bath apartment; Rear building offers storefront, half bath, storage, and 2‑bedroom/1‑bath apartment
