Property profile

5703 Calumet Ave 7 Hammond, IN 46320

OFF-MARKET
Retail space
Property ID
US31-0395636
10,658 SF 0.26 ac lot Built 1920
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 10,658 SF
Lot 0.26 ac (11,238 SF)
APN 45-07-06-101-001.000-023
UPID US31-0395636

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5703 Calumet Ave, Unit 7 Hammond, IN 46320-2347
Hammond metro Census 20800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
Last sale
$60,000
4 recorded transactions
2025
$60,000
2024
$74,300
2019
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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