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Property profile

5250 Hohman Ave Hammond, IN 46320

OFF-MARKET
Retail space
Property ID
US31-1066687
19,863 SF 0.15 ac lot Built 1913
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,242 square foot office building, located at 5250 Hohman Ave in Hammond, Indiana, presents a unique investment opportunity. The property, classified as a Class B building, was constructed in 1913 and features a two-story structure with five individual suites available for lease. The building offers flexible layouts, allowing for customized configurations to suit various business needs. Suite sizes range from a minimum of 492 square feet to a maximum contiguous space of 4,203 square feet, with a total of 4,203 square feet currently vacant. The property is conveniently situated at the intersection of Hohman Ave and Muenich Ct, offering excellent visibility and accessibility. Zoned C3, this building benefits from its location in Hammond, IN, a city within the Chicago metropolitan area, providing easy access to Chicago and its vast resources. Hammond boasts a population of 77,879 (2020 Census) and is served by major transportation arteries including the South Shore Line, Borman Expressway, and Indiana Toll Road. The property's location near Wolf Lake parkland and the Horseshoe Hammond casino adds to its appeal. While there are no elevators, the building's layout and suite sizes offer a variety of options for businesses of all sizes. The property's Lake County location (APN: 45-02-36-326-005.000-023) and competitive lease rates make this a compelling investment prospect. This is a rare opportunity to acquire a well-located office building in a thriving metropolitan area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Construction WOOD
Total area 19,863 SF
Lot 0.15 ac (6,621 SF)
APN 45-02-36-326-005.000-023
UPID US31-1066687

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
  • Accounting Firm Loan Service

Location

5250 Hohman Ave Hammond, IN 46320-1722
Hammond metro Census 20600 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$720k
Blend (final) Blend
$330k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2023
Price N/A
2018
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

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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