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Property profile

5320-5324 Hohman Ave Hammond, IN

OFF-MARKET
Office Spaces
0.09 ac lot Built 1929
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Year built 1929
Lot 0.09 ac (3,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5320-5324 Hohman Ave Hammond, IN
Hammond metro
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Value estimations

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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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