4803 Hohman AveHammond, IN 46327

Property Details for 4803 Hohman Ave

Year built

1953

Construction

TYPE NOT SPECIFIED

Lot size

0.33 AC

Property size (Sq ft)

26,430 SF

Zone code

R3

Property type

Office properties

APN

45-02-25-456-001.000-023

APU

450225456001000023

Description

This exceptional 67,518-square-foot industrial property is situated at 4803 Hohman Ave, Hammond, Indiana, in Lake County (zip code 46327). The property features a single-tenant occupancy and sits on a 1.55-acre lot. The site boasts a fully paved, fenced, and illuminated industrial outdoor storage (IOS) area, providing ample secure space for operations or storage. Its strategic location offers easy access to major transportation arteries, including Interstates 294, 94, and I-90, ensuring efficient logistics and convenient commutes for employees and clients. The property is classified as both industrial and commercial, making it suitable for a variety of business types. The lease is a Net-Net-Net (NNN) agreement. This property presents a compelling opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area of Northwest Indiana. The property's size, amenities, and location combine to offer significant potential for growth and profitability. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $8,493,849

  6.5%

  $7,840,476

  7%

  $7,280,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,442,508

  Geo Method

  $3,442,508

• Alternative Use

  Use

  Valuation

  Residential

  $9,722,190

  Hospitality

  $8,905,474

  Educational

  $7,409,250

  Medical

  $7,664,065

  Retail

  $11,525,499

Location Insight

City

Hammond

County

Lake

State

Indiana

Latitude

41.6264

Longitude

-87.5164

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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