Realmo Analytics

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Financial
Distress signals
Property profile

1403 Michigan St Hammond, IN 46320

FOR SALE
Retail space
Property ID
US31-0417793
2,012 SF 0.21 ac lot Built 1950
Last sale May 2026
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$147k
Assessed land$26k
Assessed improvement$121k
Effective rate3.64%

Value estimate

· Oct 2026
$265k
$239k – $292k
AI approach$265k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$2k
Operating expenses−$13k
NOI · 17.37% cap applied$39k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$36 – $120
Qualifying comparables7

Cap rate analysis

How does the asset earn?
17.37%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.1
Dental Office13.8
Law Firm13.5

Location

1403 Michigan St Hammond, IN 46320
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5935 State Line, Hammond, IN 46320-2462 $150,000 Nov 2020 1,440 SF
6004 Calumet, Hammond, IN 46320-2522 $60,000 Jun 2020 1,698 SF
6041 Calumet, Hammond, IN 46320-2524 $152,900 Sep 2019 3,600 SF
6444 Columbia, Hammond, IN 46320-2721 $1,100,000 Aug 2019 13,888 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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