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    7025 Indianapolis Blvd Hammond, IN 46324

    Sponsored
    For Sale
    $799,900

    Fully renovated, versatile office space.

    Property size:
    7,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 7025 Indianapolis Blvd in Hammond, Indiana (46324), presents a unique investment opportunity. The 7,150 square foot building, situated on a 0.253-acre lot, boasts a prime location just minutes from I-94, offering easy access and high visibility. Extensively remodeled in 2018, this Class B building features a blend of creative, medical, and traditional office spaces, making it suitable for a variety of uses. The property includes 20 paved parking spaces and a convenient 8x10 overhead garage door on the rear. The interior layout is well-designed, featuring a large reception area, an executive boardroom with expansive window views, thirteen private offices, two private bathrooms, a kitchen, and ample storage. The first floor encompasses 5,300 square feet, while the fully finished second floor offers an additional 1,850 square feet with plumbed space for a second kitchen and bathroom. The building benefits from 100 feet of frontage on Indianapolis Blvd. and is zoned for General Commercial use. The property's versatile design, prime location, and recent renovations make it an attractive option for businesses seeking a functional and modern workspace. The asking price is $799,900, with a price per square foot of $111.87. The property's APN is 45-07-08-402-003.000-023. This is a single-story building with a two-story structure.

    Property Features for 7025 Indianapolis Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    7,150 SF
    Class
    B
    Lot Size
    11,021 SF

    Building Details

    Year Built
    1951
    Buildings
    1
    Stories
    2

    HighLights

    • 7,150 SF commercial building on a 0.253‑acre lot in Hammond, IN (46324).
    • Prime location near I‑94 with high visibility and 100 feet of frontage on Indianapolis Blvd.
    • Extensively remodeled in 2018, Class B building with versatile office space.
    • Features 20 paved parking spaces and an 8x10 overhead garage door.
    • $799,900 asking price ($111.87/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Crown Counseling Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.480855315675
    Latitude
    41.585622171461

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    FAQs

    What type of property is this?
    Medical office - Fully renovated, versatile office space.
    Where is this medical office located?
    The property is located at 7025 Indianapolis Blvd Hammond, IN.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: 7,150 SF commercial building on a 0.253-acre lot in Hammond, IN (46324).; Prime location near I-94 with high visibility and 100 feet of frontage on Indianapolis Blvd.; Extensively remodeled in 2018, Class B building with versatile office space.
    Request Owner's contact information
    7025 Indianapolis Blvd Hammond, IN 46324
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    Hammond, IN 46324
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7025 Indianapolis Blvd Hammond, IN 46324
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