741 Hoffman St, Hammond, IN 46327
For Sale
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This exceptional Hammond, Indiana industrial property presents a significant investment opportunity. Situated on a 0.34-acre lot at 741 Hoffman Street, this property boasts a substantial 8,530-square-foot building, a blend of original construction (1917) and recent additions. The main structure, a 6,330-square-foot concrete block building, features high ceilings (12-14 feet) and includes two warehouse offices. A subsequent addition expanded the space by another 2,200 square feet. Accessibility is a major advantage, with two 10-foot drive-in doors conveniently located on Hoffman Street, complemented by four additional drive-in doors elsewhere in the complex. A pole barn, accessible via three garage doors, adds further versatility. The side yard offers access from Baltimore Avenue. Gas heating ensures year-round usability. The entire property is securely fenced, enhancing security and privacy. Zoned C4, this property is ideally suited for a wide range of commercial uses, including (but not limited to) auto service (excluding gas sales), auto rental, vehicle sales, and various contractor services. Additional permitted uses encompass retail or home improvement stores, furniture repair/refinishing, light equipment rental/service/repair, and motorcycle sales and service. This property offers a rare combination of size, location, and zoning flexibility, making it an attractive prospect for discerning investors and businesses alike.
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Lake Iron & Metal Recycling Center Waste Management Facility
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Parilline Fitness Big Box & Wholesale Store
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.