5703 Calumet Ave 7 Hammond, IN 46320-2347
This unique Hammond, Indiana commercial property presents a rare opportunity for entrepreneurial ventures. Located on a 0.26-acre corner lot in a prime business district, this property boasts two distinct addresses under a single roof, offering unparalleled flexibility. Imagine the possibilities: operate two separate businesses simultaneously, or utilize one space while leasing the other for supplemental income. The property's strategic location provides exceptional visibility and accessibility, situated near major interstate highways, public transportation, diverse eateries, and numerous shopping options. While some repairs are needed, the significant potential for growth and revenue generation makes this an attractive investment. The building's dual-address configuration allows for creative business strategies, catering to a wide range of commercial uses. Its prominent corner lot placement ensures high visibility and easy access for customers and clients. The proximity to transportation hubs and amenities further enhances its appeal and convenience. This is a chance to acquire a versatile commercial property in a thriving business area, ready for your vision and entrepreneurial spirit. Don't miss this opportunity to establish your business in a highly visible and accessible location. The property is priced at $134,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.