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    Property profile & analytics

    2824 173rd St Hammond, IN 46323-2238

    • Strip malls
    • 7,787 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US31-0406590
    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.

    Current Use by Public Records

    • Jeff Tucker - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • DDG / Pet Groomer
    • Progressive Car Insurance / Auto Insurance Agency
    • Hair Is Your GLory Beauty Salon / Hair Care
    • New Image Barber Shop / Barber Shop

    Property Details for 2824 173rd St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    7,787 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    45-07-16-201-007.000-023
    APU
    450716201007000023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $270,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $255,000
      Mixed-Use
      $230,000
      Hospitality
      $260,000
      Educational
      $205,000
      Residential Income
      $195,000
      Energy
      $225,000
      Income-Based Land
      $220,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.4608
    Latitude
    41.5808
    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
    $10,815
    $78,000
    $186,800
    $264,800
    -
    $78,000
    $186,800
    $264,800

    Comparable in this City

    • Value Estimation
      $385,000
      11,850 SF

      6823 Grand Ave, Unit 39

      SHOPPING CENTER, STRIP CENTER • 11,850 SF
      6823 Grand Ave, Hammond, IN 46323-1944
      View Details
    • Value Estimation
      $320,000
      7,650 SF

      3213 169th St

      SHOPPING CENTER, STRIP CENTER • 7,650 SF
      3213 169th St, Hammond, IN 46323-1758
      View Details
    • Value Estimation by Request
      0.10 Acres

      6448 Kennedy Ave

      PARKING LOT • 0.10 Acres
      6448 Kennedy Ave, Hammond, IN 46323
      View Details
    • Value Estimation by Request
      0.09 Acres

      6932 Kennedy Ave

      PARKING LOT • 0.09 Acres
      6932 Kennedy Ave, Hammond, IN 46323
      View Details
    • Value Estimation by Request
      864 SF

      3402 173rd St

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      3402 173rd St, Hammond, IN 46323-2767
      View Details
    • Value Estimation by Request
      3,105 SF

      2705 169th St

      FINANCIAL BUILDING • 3,105 SF
      2705 169th St, Hammond, IN 46323-1509
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant with Income Potential

      Operating restaurant and bar on a .62-acre lot.
      6247 Kennedy Ave, Hammond, IN 46323
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    • $675,000
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      Hammond Strip Mall Investment Opportunity

      High-Visibility, Two-Unit Commercial Property with Expansion Potential
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      Kennedy Avenue Land Opportunity

      Land available on Kennedy Avenue in Hammond, Indiana.
      6433-49 Kennedy Ave, Hammond, IN 46323
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    • $320,000
      0.20 Acres

      one bedroom apt

      and kitchen. Water expense includes the sewer bill. Insurance expense is factored out for the building. Business and building insurance total is $360\/month. Need 48 hour notice to show apartments. Tavern showing easier. As Is Addendum attached. Business fixtures and all appliances included. Pool table
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      Industrial/Flex Space Building For Sale

      10,370 SF industrial/flex space building, versatile C4 zoning.
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    2824 173rd St
    Hammond, IN 46323-2238
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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