6213 Kennedy AveHammond, IN 46323

Property Details for 6213 Kennedy Ave

Year built

1955

Construction

TYPE NOT SPECIFIED

Lot size

0.28 AC

Property size (Sq ft)

4,776 SF

Property type

Retail space

APN

45-07-04-403-001.000-023

APU

450704403001000023

Description

This exceptional mixed-use property at 6213 Kennedy Avenue, Hammond, Indiana, presents a rare investment opportunity. Built in 1955, this 11,979 square foot complex comprises five separate buildings on a single story, offering a diverse range of income streams. The property includes a well-established auto shop equipped with four hoists and a compressor, a thriving local restaurant, a church, a three-bedroom apartment, and a steel warehouse currently used for boat and RV detailing. All tenants are long-term, providing stable and consistent rental income. The property boasts a strong financial performance, generating a gross annual income of $113,040 and a net monthly income of $9,420. Annual expenses include approximately $3,900 for insurance and $14,000 for taxes. This translates to a significant cash flow and a capitalization rate exceeding 12%. The property's location in the Hessville area of Hammond offers excellent visibility and accessibility. This is a turnkey investment, ideal for an investor seeking a substantial return on investment with a proven track record of success. The property is priced at $719,000, representing a price per square foot of $60.02. Detailed financial information is available upon request. This is a first-time offering from a long-term owner of 28 years. The zip code is 46323.

Location Insight

City

Hammond

County

Lake

State

Indiana

Latitude

41.6005

Longitude

-87.4612

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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