429 Conkey StHammond, IN 46324

Property Details for 429 Conkey St

Year built

1961

Construction

TYPE NOT SPECIFIED

Lot size

0.08 AC

Property size (Sq ft)

1,832 SF

Property type

Medical offices

Property subtype

Medical centers

APN

45-06-01-404-017.000-023

APU

450601404017000023

Description

This exceptional 1800-square-foot commercial building at 429 Conkey Street in Hammond, Indiana, presents a unique investment opportunity. Situated on a 0.08-acre lot, this C-1 zoned brick building boasts a highly desirable corner location with convenient off-street parking. Currently configured as a fully equipped six-operatory dental office, the property's versatile layout allows for seamless adaptation to a wide range of uses. Imagine transforming this space into your ideal medical or professional office, retail establishment, institutional facility, or even a school or church. The building's prime location offers excellent visibility on Conkey Street, ensuring high traffic and exposure. Its convenient access from Calumet Avenue and proximity to the Illinois/Indiana state line further enhance its appeal. This property offers significant potential for growth and profitability. The building is available for sale independently, or it can be purchased in conjunction with an existing general dental practice. Detailed information regarding the dental practice is available upon request. Don't miss this chance to acquire a well-located, adaptable commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $588,753

  6.5%

  $543,464

  7%

  $504,645

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,618

  Geo Method

  $238,618

• Alternative Use

  Use

  Valuation

  Residential

  $673,895

  Hospitality

  $617,284

  Educational

  $513,573

  Medical

  $531,236

  Retail

  $798,892

Location Insight

City

Hammond

County

Lake

State

Indiana

Latitude

41.6016

Longitude

-87.5171

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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