Property Listing No Longer Available for Sale

SW Parcel Indianapolis Blvd and Summer St.

Hammond, IN

Retail for Sale - $300,000 - 7,450 Sq. Ft. on 0.75 acres


Property Info

CIMLS#918767
Location
  SW Parcel Indianapolis Blvd and Summer St.
  Hammond IN 46320
UpdatedFebruary 1st, 2018
TypeRetail
Price$300,000
Building7,450 Sq. Ft.
Land0.75 acres

Property Description

Value-add real estate opportunity located On Indianapolis Blvd in Hammond, Indiana. This property consists of 2 long-term tenants with leases in place. All tenants are paying a below market rent for the location. All tenants have been in the building for 5+ years and one has been there for about 30.

Location Description:

This investment property is located on the southwest corner of Indianapolis Blvd and Summer St. in Hammond, IN. The property consists of 2 businesses. All tenants have been leasing the property for several years and the property is profitable.

Hammond is part of the Chicago metropolitan area. The population was 80,830 at the 2010 census, and is the most populous city in Lake County, Indiana.

Highlights:

>> Value-Add Investment Opportunity

>> Long-Term Tenants in place

>> 10.6% Cap Rate on the In-Place income

>> City of Hammond Facade Rebate Area

>> Close Proximity to 80/94 Indianapolis Blvd Interchange

>> Near new Potash facility

>> Near Redevelopment of Former Woodmar Mall into Youth Sports Complex

* Email for additional photos


Financials

Sales Info:

>> Cap rate: 9.4%

>> NOI: $53551


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