Property profile

440 Douglas St Hammond, IN 46320

FOR SALE
Commercial land
Property ID
US31-0640456
1.71 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.71 ac (74,662 SF)
Zoning code R3
APN 45-02-36-410-002.000-023
UPID US31-0640456

Cap rate & NOI

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

Location

440 Douglas St Hammond, IN 46320
Hammond metro Census 20700 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
2008
Price N/A

Zoning & alternative use

R3 · Hammond, IN

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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More about this property
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