1212 172nd St Hammond, IN 46324-2458

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.