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Property profile

2320 Michigan St Hammond, IN 46320

OFF-MARKET
Warehouses
68,400 SF 7.56 ac lot Built 2024
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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

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Business Service Center Corporate Office

Location

2320 Michigan St Hammond, IN 46320
Hammond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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