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Financial
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Property profile

5529 Hohman Ave Hammond, IN 46320

FOR SALE
Medical Office Space
Property ID
US31-0449412
3,892 SF 0.22 ac lot Built 1929
Last sale Dec 2012 · $585,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This single-tenant medical office building is located in downtown Hammond, Indiana, on Hohman Avenue. The property was constructed in 1929 and is zoned C1. It contains 3,892 square feet of office space configured for modern medical use and has been occupied by Franciscan Health for approximately the past 12 years. The building is leased and has a lease term extending to September 2027, indicating an ongoing single-tenant arrangement.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value · 2023$222k
Assessed land$46k
Assessed improvement$176k
Effective rate3.66%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$18k
Operating expenses−$16k
NOI · 12.37% cap applied$49k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
12.37%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.5
Dental Office15.2
Spa & Massage12.1

Location

5529 Hohman Ave Hammond, IN 46320
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

14 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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