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Property profile

3630 Calumet Ave Hammond, IN 46320

OFF-MARKET
Industrial properties
Property ID
US31-0535268
31,080 SF 2.13 ac lot Built 1959
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 31,080-square-foot industrial building in Hammond, Indiana, presents a significant opportunity. Situated on 2.13 acres, this single-tenant property boasts a steel frame construction, 28-foot clear ceiling height, and is ideally suited for manufacturing, warehousing, distribution, or flex uses. Built in 1960 and renovated in 2010, the building features a newer roof and is heated by two air handling units. The property includes a 600-square-foot office space and three 16-foot-high grade-level doors, facilitating efficient truck and crane loading. A 15-ton crane is also included. The building benefits from a 400A, 3-phase power supply. Its strategic location offers unparalleled access to major transportation arteries. It's immediately north of the I-90 Toll Road interchange, a quarter-mile south of both the Cline Avenue interchange and Wolf Lake Terminals, and within close proximity to significant industrial players including the BP Whiting Refinery, Cleveland-Cliffs, and US Steel. The property is zoned I-2 and is conveniently located just 22 miles from Chicago. This property offers a rare combination of size, functionality, and location, making it an ideal investment for a variety of industrial operations. The building is currently vacant.

Property profile

Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1959
Construction TYPE NOT SPECIFIED
Total area 31,080 SF
Lot 2.13 ac (92,609 SF)
APN 45-02-24-277-006.000-023
UPID US31-0535268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Production Facility
  • Factory Production Facility

Location

3630 Calumet Ave Hammond, IN 46320-1125
Hammond metro Census 20300 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$670k
CAP Approach CAP
by Request
Comparable Approach Comparable
$536k
Blend (final) Blend
$670k

Owner & transaction history

since 2005
1 recorded transaction
2005
$19,615

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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