Entity Owned 
For Sale
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Property summary
This exceptional commercial property, located at 105 W Thomas Street in the heart of Downtown Hammond, Louisiana, presents a unique investment opportunity. The building boasts a substantial 5,000 square feet of versatile space, ideally suited for a variety of commercial uses. The main level encompasses 3,250 square feet, featuring an open-concept office layout perfect for modern businesses. A large conference room provides ample space for meetings and presentations, complemented by a convenient kitchenette and two well-appointed bathrooms. A 750-square-foot mezzanine adds extra flexibility and potential for expansion or specialized workspace. Upstairs, a separate 1,750-square-foot area comprises three residential apartments: two one-bedroom, one-bathroom units and one two-bedroom, two-bathroom unit, offering additional income potential or the possibility of owner-occupied space. This prime location in Downtown Hammond ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in a thriving community. The asking price is $1,250,000. The property sits on a lot with no acreage specified. This is a rare opportunity to acquire a substantial commercial building with significant upside potential in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Clothing Store
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Clothing & Fashion Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Hammond market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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