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Property profile & analytics
OFF-MARKET
Warehouses

2320 Michigan St Hammond, IN 46320

68,400 SF 7.56 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This newly constructed Class A industrial property in Hammond, Indiana, offers 68,400 square feet of versatile space, divisible into units ranging from 16,872 to 61,000 square feet. The single-story building features a 24-foot clear ceiling height, six loading docks, four drive-in doors, and ample parking (134 spaces). Each suite includes a basic office setup with separate restrooms and a utility closet, featuring drywall, painted walls, LVL tile flooring, and LED lighting. Individual HVAC systems serve the offices and restrooms, while warehouse areas are heated by infrared natural gas heaters and equipped with large industrial fans. The building boasts a fully sprinklered ESFR system. Each unit has a 14' x 16' drive-in door and a 9' x 8' loading dock door with a 45,000 lb. Blue Giant hydraulic dock leveler, plus trailer seal and shelter units. Electrical service is 480-volt, 3-phase, 600-amp, 4-wire, with high-bay LED lighting. A transformer steps down power to 120/208 volts for wall receptacles. Leases are CAM and Triple Net, with additional costs covering landscaping, snow removal, exterior lighting, and fire system maintenance. Property taxes and building insurance are also included. Tenant responsibility includes trash and recycling. The property is zoned I-2 Industrial and enjoys excellent access to major transportation routes, including US Hwy 20, IN-312 (Cline Ave), and I-80/90/94. Nearby utilities include NISPCO natural gas and electric lines, a substation, city water, and fiber optic lines. The 7.56-acre lot is located in the Northwest Indiana submarket of Chicago.

Property profile
Verified
Property type Warehouses
Year built 2024
Total area 68,400 SF
Lot 7.56 ac (329,314 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Crown North America Industrial Manufacturer Production Facility
  • Brenco LLC Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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