1212 172nd St Hammond, IN 46324-2458
Property profile & analytics
1212 172nd St, Hammond, IN 46324-2458
- Office Spaces
- 8,568 SF
- 1.50 lot acres
Property ID
US31-3177758
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tribologik Laboratories / Laboratory
Property Details for 1212 172nd St
- Year built
- 1986
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.50 lot acres
- Property type
- Office Spaces
- APN
- 45-07-07-454-018.000-023
- APU
- 450707454018000023
Description
This exceptional investment opportunity presents a 1-story, 8,568 square foot industrial R&D facility situated on a 1.5-acre lot in Hammond, Indiana. Built in 1986, the property boasts 40 parking spaces and is currently 100% occupied by a single, creditworthy tenant under a triple-net lease. The property generates a substantial net operating income (NOI) of $138,802, representing a compelling 9% capitalization rate. Located in Lake County, within the desirable Chicago metropolitan area, this asset benefits from the region's robust employment base and high demand for industrial space, while avoiding the higher taxes and regulations of Illinois. The property's strategic location provides easy access to major transportation arteries, ensuring convenient connectivity to Chicago and surrounding areas. The current tenant, a specialized diagnostics laboratory, offers a stable and secure income stream, making this a low-risk, high-reward investment opportunity. The property's zoning is commercial, and its APN is 45-07-07-454-018.000-023. The asking price is $1,542,000, translating to $179.97 per square foot. This single-tenant, fully occupied property offers investors a rare chance to acquire a stable, cash-flowing asset in a prime location within a thriving market. The property's specialized nature and strong tenant history contribute to its long-term value and potential for appreciation.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.4995
- Latitude
- 41.5825
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,178
$85,200
$191,800
$277,000
-
$85,200
$191,800
$277,000
