Mixed-Use Building with Retail and
Hammond, LA 70401 Hammond, LA 70401
New
Hammond, LA, 70401
$990,000
For Sale
$990,000
COMMERCIAL - Hammond, LA
Property Size5,997 SF
Lot Size0.06 Acres
Price / SF$165.08
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 5,997 SF
- Lot size
- 0.06 Acres
Building Details
- Year built
- 1948
Listing Agency
NextHome Real Estate Professionals
(985) 429-0777
101 W. Thomas St., LA
Listed by
Jeannie Crayton · License #SALE.0000072192-ACT,PersonLicenseNumber
(985) 969-1153
Added: Jul 16 Updated: Jul 20 at 4:00 pm Checked: Jul 21 at 4:06 am
MLS# 2514037
Copyright © 2026 NextHome, Inc. 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.
The iconic Toggery Building is a mixed-use commercial property featuring approximately 2,500 square feet of retail/commercial space on the ground floor and an additional approximately 2,500 square feet on the top floor. The building includes expansive display windows, high ceilings, and preserved architectural details. Upstairs, the property also provides three residential apartments.
Located in Downtown Hammond, Louisiana, the building is described as being near restaurants, coffee shops, and other local activity. The site totals about 0.06 acres and is offered for sale as a single property with both commercial and residential components.
Located in Downtown Hammond, Louisiana, the building is described as being near restaurants, coffee shops, and other local activity. The site totals about 0.06 acres and is offered for sale as a single property with both commercial and residential components.
Key Highlights
- Iconic Toggery Building built in 1948 with 2,500 SF of retail/commercial space on the ground floor
- Additional 2,500 SF on the top floor with flexible space for boutique retail, office, or service‑based businesses
- Top floor includes three income‑producing residential apartments
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.3k | $23.40 |
| − Vacancy | −$19.8k | −$3.30 |
| EGI | $120.5k | $20.10 |
| − OpEx | −$30.1k | −$5.03 |
| NOI | $90.4k | $15.08 |
5,997 SF · lease $23.40/SF/yr · vacancy 14.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,407 @ 7.0% cap · market cap 9.13%
Second Best
Retail
$859.1K
$751.7K – $1.00M
NOI $60,135 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,722 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Downtown mixed-use property with ground-floor retail/commercial space and three upstairs residential apartments.
Where is this mixed-use property located?
The property is located at Hammond, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Iconic Toggery Building built in 1948 with 2,500 SF of retail/commercial space on the ground floor; Additional 2,500 SF on the top floor with flexible space for boutique retail, office, or service‑based businesses; Top floor includes three income‑producing residential apartments
