156 142nd St Hammond, IN 46327-1212
This exceptional commercial property, located at 156 142nd Street in Hammond, Indiana, presents a unique investment opportunity. Spanning 0.08 acres, this lot offers significant potential for a variety of commercial ventures. Its strategic location within Hammond provides easy access to major transportation routes, ensuring high visibility and convenient accessibility for customers and employees. The property's size is ideal for smaller-scale businesses seeking a prominent presence in a thriving community. The asking price of $169,000 represents a compelling value for a property of this caliber in this desirable location. This is a blank canvas ready for your vision, allowing for the development of a building tailored to your specific business needs. The absence of existing structures provides complete flexibility in design and construction, maximizing the potential return on investment. Given the limited availability of commercial land in this area, this property is expected to attract considerable interest. Serious inquiries are encouraged to explore this promising opportunity to establish a successful business in a dynamic and growing market. The property is classified as "Other" in terms of property type, offering a wide range of potential uses subject to local zoning regulations. Further due diligence is recommended to confirm suitability for intended purposes. Don't miss this chance to acquire a valuable piece of Hammond real estate.
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Mister Joe's Inc Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.