7105 Kennedy Ave Hammond, IN 46323-2226
Property profile & analytics
7105 Kennedy Ave Hammond, IN 46323-2226
- Warehouses
- 24,340 SF
- 1.34 lot acres
Property ID
US31-0499638
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.
Location Intelligence
Current Use by Public Records
- Roofing Corporation / Roofing Company / General Contractor
Property Details for 7105 Kennedy Ave
- Year built
- 1937
- Construction
- WOOD
- Lot size
- 1.34 lot acres
- Property size
- 24,340 SF
- Property type
- Warehouses
- APN
- 45-07-09-451-002.000-023
- APU
- 450709451002000023
Description
This exceptional 24,340-square-foot industrial warehouse, located at 7105 Kennedy Avenue in Hammond, Indiana, presents a compelling investment opportunity. The property boasts a fee-simple ownership structure and sits on a 1.34-acre lot, including a fully fenced 0.7-acre area. Built in 1937, this Class C warehouse features five suites, each currently under a month-to-month lease, providing immediate income and potential for future value appreciation. The building offers three loading docks and ceiling heights ranging from 12 to 14 feet. The property is zoned C-4 General Commercial District, allowing for a variety of uses including restaurants, contractors, and automotive sales and service. Its strategic location, approximately half a mile north of the Kennedy Avenue exit on Interstate 94, ensures excellent accessibility. The current Net Operating Income (NOI) is $29,873, yielding a 3.34% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $107,926 and a 12.06% cap rate, highlighting the substantial upside potential for value-add investors or owner-users. This multi-tenant property offers a rare chance to acquire a well-located, income-producing asset with significant redevelopment possibilities in a high-barrier-to-entry submarket. The asking price is $895,000, translating to $36.77 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $500,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $693,000
- AI Estimate
- $499,000
Market price range: $616k - $3.00MMarket price range: $500k - $1.00M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Lake
- State
- Indiana
- Longitude
- -87.4612
- Latitude
- 41.5839
- 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
$14,281
$112,700
$280,300
$393,000
-
$112,700
$280,300
$393,000
