7322 Indianapolis Blvd Hammond, IN 46324
This freestanding retail building, located at 7322 Indianapolis Blvd in Hammond, Indiana, presents a compelling investment opportunity. Boasting 4,288 square feet on a 0.25-acre lot, this property benefits from a prime location on heavily trafficked Indianapolis Boulevard, just off I-80/94, ensuring high visibility and accessibility. The building features its own dedicated parking lot and prominent pylon signage, maximizing exposure to the over 27,000 vehicles that pass daily. The interior is serviced by two HVAC units, facilitating easy division into multiple spaces. The roof is approximately five years old. Adding to its appeal, the property is less than a mile from a newly constructed $70 million YMCA, further enhancing its desirability and potential for increased foot traffic. The 2022-2023 property taxes totaled $11,256.52. The building is zoned C4. Built in 1960, this property offers significant potential for a variety of retail uses. Further information regarding the current tenant is available upon request. Please do not disturb the tenant.
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
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Property description
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Costs & Benchmarks
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Risks
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