5529 Hohman Ave Hammond, IN 46320

This exceptional investment opportunity presents a 3,892 square foot, single-tenant medical office building located at 5529 Hohman Avenue in Hammond, Indiana. The property, built in 1929 and boasting a Class B rating, is currently 100% occupied by Franciscan Health, a long-term tenant with a lease extending to September 2027. This NNN lease structure provides a stable and predictable income stream, with a current Net Operating Income (NOI) of approximately $67,697, yielding a 7.53% cap rate. The asking price is $899,000, translating to $230.99 per square foot. Situated on a 0.26-acre lot, the property is zoned C1 and features one single-story building. This turnkey operation is ideally positioned in the heart of downtown Hammond, benefiting from its revitalization efforts and convenient access to major transportation routes, including the South Shore Line, Borman Expressway, and Indiana Toll Road. The property's strategic location within the Chicago metropolitan area and its proximity to significant landmarks like Wolf Lake and the Horseshoe Hammond casino further enhance its appeal. This represents a compelling investment opportunity for those seeking a secure, high-yield asset in a thriving urban setting. The property's APN is 45-02-36-379-001.000-023.