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Freestanding Medical Office Building
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7402 Indianapolis Blvd, Hammond, IN 46324

Freestanding building with new roof and asphalt, plus on-site parking on a 0.17-acre lot.

Space Size2,880 SF
Lot Size0.17 Acres
Days on Market204

Property Features for 7402 Indianapolis Blvd

General Information

Standard status Active
Size 2,880 SF
Lot size 0.17 Acres
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 7402 Indianapolis Blvd Contact us

7402 Indianapolis Blvd $16/SF/Yr

Floor
Bldg
Size
2,880 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- 2,880 SF freestanding commercial building w/ new roof and asphalt recently done 0.17-acre...
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Listing Agency: Latitude Commercial
Listed By: Brett McDermott · License ##RB14050416
Source: Moodyscre
Added: Feb 19 Changed: Sep 8 Last Checked: Sep 10 at 11:33AM

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

Investment Insights

Based on property information with market context.

This freestanding commercial building offers 2,880 square feet and includes recent upgrades, with a new roof and asphalt completed. The property sits on a 0.17-acre lot and provides on-site parking for customer or employee use.

The prior use was an animal clinic, and the layout may support a range of service and office needs, including veterinary, medical office, grooming, retail, or service uses. The building also has strong visibility along Indianapolis Blvd, with convenient access to surrounding residential and commercial density.

If you’re looking for a standalone structure designed for a service-oriented tenant, this property provides a practical footprint and the benefit of exterior improvements already completed.

Key Highlights

  • 2,880 SF freestanding commercial building with new roof and asphalt recently done
  • 0.17‑acre lot with on‑site parking
  • Former animal clinic—suited for veterinary, medical office, grooming, retail, or service use

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Law Firm Pharmacy Big Box & Wholesale Store

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

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby
Under-served
Demand for This Use

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

Lease Benchmarks for Hammond, IN

$11.67 /SF/Yr
Avg Asking Price
$2.66–$25 /SF/Yr
Price Range
10,582 SF
Avg Space Size

This space is priced 37% above the average of $11.67 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Similar Off Market Nearby

  • Woodmar Animal Clinic 7400 Indianapolis Blvd, Hammond, IN 46324

Frequently Asked Questions

What type of property is this?
Medical Office Space - Freestanding building with new roof and asphalt, plus on-site parking on a 0.17-acre lot.
Where is this medical office space located?
The property is located at 7402 Indianapolis Blvd Hammond, IN.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 2,880 SF freestanding commercial building with new roof and asphalt recently done; 0.17‑acre lot with on‑site parking; Former animal clinic—suited for veterinary, medical office, grooming, retail, or service use
(219) 545-4328 Call to check price and availability
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