For Sale
$2,200,000

5550 Sohl AveHammond, IN 46320

Family Dollar-Anchored Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
116
This 43,520 square foot, single-story shopping center in Hammond, Indiana, presents a compelling investment opportunity. Anchored by Family Dollar and featuring a diverse tenant mix including Zara Wholesale and First Choice Market, the property boasts a strong, consistent income stream. Built in 1963 and situated on a 4.14-acre lot (APN: 45-02-36-454-002.000-023), the center offers significant value-add potential due to below-market rents. The property's Net Operating Income (NOI) is $230,841, yielding a 10.49% cap rate at an asking price of $2,200,000 ($50.55/sq ft). Its prime location on Sohl Avenue in Hammond ensures high visibility and traffic, benefiting from its position within the Chicago metropolitan area. The center benefits from a long-term operating history, providing a stable investment with potential for future rent increases. This fully leased property represents a rare opportunity to acquire a well-positioned retail asset with substantial upside. The property is located at 5550 Sohl Ave, Hammond, IN 46320.

Highlights

  • $2,200,000 asking price for a 43,520 square foot shopping center in Hammond, Indiana.
  • 10.49% cap rate with a $230,841 NOI.
  • 100% leased, anchored by Family Dollar, with a value-add opportunity due to below-market rents.
  • Prime location in Hammond, Indiana, offering high traffic and visibility.
  • Situated on a 4.14-acre lot, built in 1963, with one single-story building.

Property Details for 5550 Sohl Ave

Property type
Lifestyle centers, Power centers
Square Feet
43,520 SF
Year Built
1963
Buildings
1
Stories
1
Lot Size (sq. ft)
180,338 SF

Location Insight

City
Hammond
County
Lake
State
Indiana
Latitude
41.6133323
Longitude
-87.5149409
5550 Sohl Ave, Hammond, Indiana

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5550 Sohl Ave
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