5550 Sohl Ave Hammond, IN 46320-2086

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.