6901 Indianapolis BlvdHammond, IN 46324

Property Details for 6901 Indianapolis Blvd

Year built

1962

Construction

TYPE NOT SPECIFIED

Lot size

0.32 AC

Property size (Sq ft)

7,014 SF

Property type

Auto shops

APN

45-07-08-401-001.000-023

APU

450708401001000023

Description

This 7,014-square-foot auto shop in Hammond, Indiana presents a compelling NNN investment opportunity. Located at the signalized intersection of 169th and Indianapolis Boulevard, this C4-zoned property boasts exceptional visibility and high traffic counts exceeding 25,000 vehicles daily. Situated on a 0.32-acre lot, the building features six drive-in doors and a full basement for ample storage. Renovated in 2019, the property benefits from its prime location near major roadways (one block north of I-80/94), the Hammond Sportsplex, and a new YMCA under construction, ensuring consistent high traffic. The current tenant has occupied the space since 2020, and the lease terms are a triple net (NNN) arrangement, with the landlord responsible for roof and structure maintenance. The asking price is $630,000, translating to $89.82 per square foot. Below-market rent provides significant upside potential. Further details on lease terms and financials are available upon request. This is a rare opportunity to acquire a well-located, high-traffic auto shop with strong tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,313,526

  6.5%

  $3,058,640

  7%

  $2,840,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,302,205

  Geo Method

  $2,302,205

• Alternative Use

  Use

  Valuation

  Residential

  $2,580,077

  Hospitality

  $2,363,337

  Educational

  $1,966,268

  Medical

  $2,033,892

  Retail

  $3,058,640

Location Insight

City

Hammond

County

Lake

State

Indiana

Latitude

41.5881

Longitude

-87.4805

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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