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Property profile & analytics

5703 Calumet Ave, Unit 7 Hammond, IN 46320-2347

  • Retail space
  • 10,658 SF
  • 0.26 lot acres
OFF-MARKET
Last Sale
May 06, 2025
$60,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-0395636
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

  • Retail space

Property Details for 5703 Calumet Ave

Year built
1920
Construction
WOOD
Lot size
0.26 lot acres
Property size
10,658 SF
Property type
Retail space
APN
45-07-06-101-001.000-023
APU
450706101001000023

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Hammond
County
Lake
State
Indiana
Longitude
-87.5085
Latitude
41.6101
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
$7,352
$37,700
$163,600
$201,300
-
$37,700
$163,600
$201,300
More about this property
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