16137 E Minnesota Park Rd 1, Hammond, LA 70403
For Sale
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This exceptional 3.5-acre commercial land parcel presents a unique investment opportunity in Hammond, Louisiana. Boasting 231 feet of frontage on East Minnesota Park Road, this property enjoys high visibility and convenient access. Its location just outside the city limits of Hammond offers flexibility in permitted uses, including commercial development and multifamily projects. The strategic location provides proximity to key amenities and significant traffic flow. Within a short distance, you'll find popular establishments such as Starbucks, McDonald's, Walgreens, Academy Sports, and Chick-fil-A, ensuring high consumer traffic and visibility for any business. The property is situated directly across the street from Summerfield Senior Living, adding to its appeal and potential for synergistic development. The zoning is designated as Commercial, allowing for a wide range of development possibilities. The asking price for this exceptional property is $575,000. This represents a compelling opportunity to acquire a strategically located and versatile commercial land parcel in a thriving Louisiana market. The property's size and location make it ideal for a variety of commercial ventures, offering significant potential for future growth and return on investment. Don't miss this chance to secure a prime piece of Hammond real estate. The address is 16137 E Minnesota Park Rd, Hammond, LA 70403.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.