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$550,000
Est. payment /mo
7,952 SqFt
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
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
Interior
Interior Features Eat-in Kitchen, Kitchen Island, Granite Counters
Heating Forced Air, Natural Gas
Fireplace N
Appliance None
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Corner Lot, Paved
Others
Tax ID 450704455001000023
Acceptable Financing NRA20260521150228082968000000
Listing Terms NRA20260521150228082968000000
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Listed by Brokerworks Group • Diana Franz
Nearby Locations
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