REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Justin Hanuscin

justinlistingleaders@gmail.com +1(219) 688-3941

$550,000

Est. payment - /mo

7,952 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,952 sqft

Price per Sqft $69

Subdivision Turner-Meyn Park

MLS Listing ID 839380

HOA Y/N No

Year Built 1952

Annual Tax Amount $5,264

Tax Year 2024

Lot Size 5,749 Sqft

Acres 0.132

Property Sub-Type Mixed Use

Property Description

Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.

Location

State IN

County Lake

Zoning Mixed Use

Rooms

Basement Sump Pump, Unfinished

Interior

Interior Features Eat-in Kitchen, Kitchen Island, Granite Counters

Heating Forced Air, Natural Gas

Fireplace N

Appliance None

Exterior

Exterior Feature None

Parking Features Attached, Additional Parking, On Street, Off Street

View Y/N true

View Other

Building

Lot Description Corner Lot, Paved

Sewer Public Sewer

Water Public

Others

Tax ID 450704455001000023

Security Features Carbon Monoxide Detector(s)

Acceptable Financing NRA20260521150228082968000000

Listing Terms NRA20260521150228082968000000

Read Less Info

Listed by Brokerworks Group • Diana Franz

Nearby Locations

GET MORE INFORMATION

Justin Hanuscin

+1(219) 688-3941

Agent | RB15001594

Agent RB15001594

QUICK SEARCH

6429 S Kennedy AVE #31 Hammond, IN 46323

Justin Hanuscin

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION