Automotive Property with
For Sale
$310,000
7340 Calumet Avenue, Hammond, IN 46324
Commercial Sale, Hammond, IN
Property Size870 SF
Lot Size0.14 Acres
Price / SF$356.32
Days on Market355
Property Features for 7340 Calumet Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Lot features
Near Public Transit, Rectangular Lot
View
City
Directions
2 1/2 blocks North from I-80/94 on Calumet Ave to site on West side of street
Standard status
Active
APN
450613229023000023
Size
870 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Calumet Park Add Blk 1 Lots 7 & 8
Tax Annual Amount
7265
Legal Description
Calumet Park Add Blk 1 Lots 7 & 8
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Water source
Public
Amenities
Modern LED Lot Lighting
Lighted Monument Sign
Lighted Building Signage
HVAC in the last two years
brick facade
Building Details
Year built
1987
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
William Loy · License #RB17001333
(219) 670-2864
Added: Oct 16, 2025
Changed: Sep 12
Last Checked: Oct 5 at 11:06PM
MLS# 829455
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 870-square-foot commercial property at 7340 Calumet Avenue is currently operating as a used car dealership. The building includes customer areas, redecorated interiors, HVAC installed within the last two years, LED lot lighting, a lighted monument sign, and lighted building signage. Off-street parking is provided on the 0.14-acre parcel, with a brick exterior and central, forced-air natural gas heating.
The property is positioned on Calumet Avenue in Hammond, Indiana, approximately 2 1/2 blocks north of I-80/94. Reported traffic volume exceeds 32,000 vehicles daily. Public water and public sewer serve the site, which was built in 1987. The existing automotive dealership configuration may also accommodate retail or office use, subject to applicable requirements.
The property is positioned on Calumet Avenue in Hammond, Indiana, approximately 2 1/2 blocks north of I-80/94. Reported traffic volume exceeds 32,000 vehicles daily. Public water and public sewer serve the site, which was built in 1987. The existing automotive dealership configuration may also accommodate retail or office use, subject to applicable requirements.
Key Highlights
- 870‑square‑foot commercial building on a 0.14‑acre parcel
- Currently operating as a used car dealership
- Approximately 2 1/2 blocks north of I‑80/94
Property Analytics
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Current Use
Lease Details
32,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
29,674 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
2,451 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7509 Calumet Ave, Hammond, IN 46324
- U-Haul Neighborhood Dealer — 1405 173rd St, Hammond, IN 46324
Frequently Asked Questions
What type of property is this?
Automotive property - Current dealership layout includes customer areas, off-street parking, and access to public utilities.
Where is this automotive property located?
The property is located at 7340 Calumet Avenue Hammond, IN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 870‑square‑foot commercial building on a 0.14‑acre parcel; Currently operating as a used car dealership; Approximately 2 1/2 blocks north of I‑80/94
