Property summary
This exceptional 1.71-acre commercial land parcel presents a unique development opportunity in the heart of Hammond, Indiana. Located at 440 Douglas St, this property boasts a prime location within the city's central business district (CBD), offering unparalleled accessibility and visibility. Zoned for commercial use, the site is ready for immediate development, with all utilities already connected. The asking price is $125,000, translating to a land value of $1.68 per square foot. This represents a rare chance to acquire a sizable lot in a thriving area. The property's strategic position provides proximity to a variety of amenities, including numerous restaurants, government offices, and other retail and professional businesses. Its advantageous location is further enhanced by its adjacency to the Social Security Administration office and the main Hammond Police station, and its position across from the 18th Street Brewery. Excellent visibility and accessibility are ensured by its frontage on Douglas Street and Hyles Boulevard. Furthermore, economic incentives may be available for development, making this an even more attractive investment prospect. This is a truly exceptional opportunity to establish a presence in a dynamic and growing downtown area. The property is situated in Lake County, Indiana, with a zip code of 46320.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
R3 · Hammond, INZoning
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Zoning designation
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