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    1240 165Th St Hammond, IN 46320

    • Retail properties
    • 5,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1240 165Th St

    Property size
    5,000 SF
    Property type
    Retail properties

    Description

    This exceptional Class A retail property, located at 1240 165th St in Hammond, Indiana, presents a unique investment opportunity. The 5,000 square foot single-tenant building sits on a 1.19-acre lot and boasts a highly desirable location directly facing one of the busiest Menards stores in the state, ensuring exceptional visibility and foot traffic. The property is zoned C2

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.4982
    Latitude
    41.5956

    Comparable in this City

    • Value Estimation by Request
      10,044 SF

      5320-5324 Hohman Ave

      Mixed-use properties • 10,044 SF
      5320-5324 Hohman Ave, Hammond, IN 46320
      View Details
    • Value Estimation by Request
      5,500 SF

      I-65 Indiana-

      Automotive properties • 5,500 SF
      I-65 Indiana-, Hammond, IN 46320
      View Details
    • Value Estimation by Request
      0.07 Acres

      6014 Calumet Ave

      VEHICLE SALES, RENTALS • 0.07 Acres
      6014 Calumet Ave, Hammond, IN 46320
      View Details
    • Value Estimation by Request
      0.09 Acres

      5721 Calumet Ave

      PARKING LOT • 0.09 Acres
      5721 Calumet Ave, Hammond, IN 46320
      View Details
    • Value Estimation by Request
      0.14 Acres

      220 Carroll St

      PARKING LOT • 0.14 Acres
      220 Carroll St, Hammond, IN 46320
      View Details
    • Value Estimation by Request
      0.93 Acres

      906 Indianapolis Blvd

      RESTAURANT • 0.93 Acres
      906 Indianapolis Blvd, Hammond, IN 46320-1005
      View Details

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    Similar Nearby for Lease

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    1240 165Th St
    Hammond, IN 46320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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