5320-5324 Hohman Ave, Hammond, IN
This exceptional commercial property, located at 5320-5324 Hohman Avenue in Hammond, Indiana, presents a unique investment opportunity. The 0.09-acre lot features three buildings totaling 10,044 square feet. Building 1, a 6,376 square foot structure, boasts a thoughtfully designed layout including spacious office areas, a versatile workshop, a kitchen, and a basement with concrete flooring. The second floor, comprising 3,668 square feet, features new carpeting in the offices and two and a half bathrooms. Building 2 offers adaptable office space and workshops, a mechanical room, and a half bath. Building 3 includes a dedicated customer area for optimal visibility and accessibility, along with a generous stock area and a one-bedroom apartment. The property benefits from shared walls, promoting collaboration and efficiency. Significant recent renovations include roof, flooring, carpeting, and ceramic tile replacements within the last six to seven years. The central building was replaced five years ago. Heating and cooling are provided by two new HVAC units (installed in 2021 and 2023), gas forced air units, and air conditioning. Electrical service includes 100-amp and 200-amp service (one new), and three-phase electrical is available. Two hot water heaters are also present, one electric. The property is zoned C-3 and offers a prime location on the corner of Hohman Avenue. This property is ideal for businesses seeking a cohesive, all-in-one location with ample space and modern amenities. The combination of office, workshop, and residential space makes this a truly versatile and attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.