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    Property profile & analytics

    5550 Sohl Ave Hammond, IN 46320-2086

    • Strip malls
    • 46,000 SF
    • 4.14 lot acres
    OFF-MARKET
    Value Estimation
    $765,000
    Location Intelligence
    Property ID
    US31-0288777
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Wine Store / Toy Store
    • ATM / Atm

    Property Details for 5550 Sohl Ave

    Year built
    1963
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.14 lot acres
    Property size
    46,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    45-02-36-454-002.000-023
    APU
    450236454002000023

    Description

    This 43,520 square foot, single-story shopping center in Hammond, Indiana, presents a compelling investment opportunity. Anchored by Family Dollar and featuring a diverse tenant mix including Zara Wholesale and First Choice Market, the property boasts a strong, consistent income stream. Built in 1963 and situated on a 4.14-acre lot (APN: 45-02-36-454-002.000-023), the center offers significant value-add potential due to below-market rents. The property's Net Operating Income (NOI) is $230,841, yielding a 10.49% cap rate at an asking price of $2,200,000 ($50.55/sq ft). Its prime location on Sohl Avenue in Hammond ensures high visibility and traffic, benefiting from its position within the Chicago metropolitan area. The center benefits from a long-term operating history, providing a stable investment with potential for future rent increases. This fully leased property represents a rare opportunity to acquire a well-positioned retail asset with substantial upside. The property is located at 5550 Sohl Ave, Hammond, IN 46320.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $810,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $870,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $725,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $700,000
      Retail
      $770,000
      Mixed-Use
      $765,000
      Hospitality
      $695,000
      Educational
      $850,000
      Residential Income
      $755,000
      Energy
      $835,000
      Income-Based Land
      $905,000
      Food Service
      $695,000

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Lake
    State
    Indiana
    Longitude
    -87.5146
    Latitude
    41.6132
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $44,857
    $165,600
    $1,066,600
    $1,232,200
    -
    $165,600
    $1,066,600
    $1,232,200

    Comparable in this City

    • Value Estimation by Request
      14,440 SF

      1001 5th Ave, Unit 1015

      SHOPPING CENTER, STRIP CENTER • 14,440 SF
      1001 5th Ave, Hammond, IN 46320-1004
      View Details
    • Value Estimation by Request
      51,124 SF

      1301 165th St, Unit 13

      SHOPPING CENTER, STRIP CENTER • 51,124 SF
      1301 165th St, Hammond, IN 46320-2802
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    • Value Estimation by Request
      55,357 SF

      1101 5th Ave, Unit 1113

      SHOPPING CENTER, STRIP CENTER • 55,357 SF
      1101 5th Ave, Hammond, IN 46320-1002
      View Details
    • Value Estimation by Request
      9,870 SF

      1810 165th St

      SHOPPING CENTER, STRIP CENTER • 9,870 SF
      1810 165th St, Hammond, IN 46320-2823
      View Details
    • Value Estimation by Request
      6,100 SF

      1229 165th St, Unit 31

      SHOPPING CENTER, STRIP CENTER • 6,100 SF
      1229 165th St, Hammond, IN 46320-2746
      View Details
    • Value Estimation by Request
      186,368 SF

      1233 165th St

      WHOLESALE OUTLET, DISCOUNT STORE • 186,368 SF
      1233 165th St, Hammond, IN 46320-2746
      View Details

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    Hammond, IN 46320-2086
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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