Contacts

Antony Miocic

Latitude Commercial

Property Details

Property Type Office - Medical Office
Property Size 3,892 SF
Lot Size 0.26 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Building Class C
Year Built 1929
Date Updated Nov 9, 2024

This property is located on the southeast corner of Hohman Avenue and Condit Street in Downtown Hammond. Hammond is a city in Lake County, Indiana. Located along Lake Michigan, it is part of the Chicago metropolitan area and the only city in Indiana to border Chicago. As of the 2020 census, it is the eighth-most populous city in Indiana, with 77,879 residents. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Part of the Rust Belt, Hammond has been industrial almost from its inception but is also home to a campus of Purdue University and numerous historic districts. Downtown Hammond has the South Shore Rail extension coming and is undergoing a large scale revitalization.Introducing a premier investment opportunity in the heart of Hammond, IN. This NNN single tenant property offers a prime location on Hohman Avenue, diligently serving as the modern medical office space for tenant Franciscan Health for the past 12 years. Boasting a turnkey operation, this 3,892 SF building holds significant value with a current NOI of approximately $70,000 annually. With a lease in place until September 2027, investors can capitalize on a stable and lucrative income stream. Zoned C1 and built in 1929, this property presents an enticing proposition for Office / Medical investors seeking a secure, long-term investment in a prominent downtown location.

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Highlights

NNN Single Tenant Investment for sale
Tenant Franciscan Health has been in place 12 years with the current lease expiring September of 2027
Located in Downtown Hammond on Hohman Avenue
Turnkey modern medical office space
Current NOI is approximately $70,000 annually

Getting around

74/100
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City Hammond, IN
Neighborhood Central Hammond
Zip Code 46320
Market Chicago

Points of Interest

East Chicago

2.21 miles
Hammond-Whiting

5.47 miles
Dyer

6.72 miles
Gary Metro Center

9.50 miles

Luke

0.54 miles
Citgo

1.16 miles
Marathon

1.21 miles
Mobil

1.21 miles
Speedway

1.28 miles
GoLo

1.49 miles

Hammond City Hall Parking

0.89 miles
169th Street Parking

3.05 miles
169th St. Parking Garage

3.18 miles
North 173rd Street Parking

3.21 miles
South 173rd Street Parking

3.31 miles
84 HSM Parking Lot

7.79 miles
Griffith Municipal Parking Lot

7.84 miles
Village Mall parking

9.42 miles

Ramada Hammond Hotel & Conference Center

1.90 miles
Super 8 Hammond/North

1.94 miles
Days Inn and Suites by Wyndham Hammond, IN

2.11 miles
Comfort Inn Hammond I-94

3.62 miles
Fairfield Inn & Suites Chicago Southeast/Hammond

3.99 miles
Courtyard Chicago Southeast/Hammond

4.03 miles
Residence Inn Chicago Southeast/Hammond

4.09 miles
Hampton Inn & Suites Munster

4.32 miles
Hampton Inn & Suites Hammond

4.33 miles
Holiday Inn Express & Suites Hammond

4.34 miles

1st Choice Market

0.35 miles
Strack & Van Til

0.57 miles
ALDI

1.59 miles
Food 4 Less

2.22 miles
Target

3.22 miles
Walmart Supercenter

3.61 miles
Jewel-Osco

3.71 miles
Ross

3.79 miles
dd's Discounts

3.82 miles
Big Lots

4.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.