The Banc

For Lease

5231 Hohman Avenue, Hammond, IN 46320

You can currently find 1 retail space(s) available for lease at The Banc. Designated use type for space listed here includes retail. Current retail listings at this property total 1,000 square feet. Lease type options include Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at The Banc.

Space Available For Lease 1

Contacts

broker
Brett McDermott

Latitude Commercial

Property Details

  • Property Type Retail
  • Property Size 90,000 SF
  • Lot Size 0.37 Acre
  • Additional Rent Contact for pricing
  • Year Renovated 2024
  • Date Updated Dec 19, 2024
The subject property is located in downtown Hammond, IN. Hammond is a city in Lake County, Indiana, United States. It is part of the Chicago metropolitan area, and the only city in Indiana to border Chicago. As of the 2020 United States census, the population was 77,879, replacing Gary as the most populous city in Lake County. From north to south, Hammond runs from Lake Michigan down to the Little Calumet River; from east to west along its southern border, it runs from the Illinois state line to Cline Avenue. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Nestled at the intersection of Hohman and Fayette, this property benefits from recent significant road and infrastructure enhancements. These improvements are part of a broader initiative to create a more walkable and vibrant downtown Hammond, making it an ideal spot for both businesses and residents. The property is within walking distance to Strack Van Til, Towle Theatre, the U.S. Courthouse, local breweries and bike paths. It's just 1 mile from the brand new South Shore Gateway Station and 1 block away from the future Downtown Hammond Station. Hammond is also home to Wolf Lake Pavilion, which hosts concerts and events for people all over the region, and Purdue Northwest Campus is just minutes away.Great opportunity to be a part of an exciting new redevelopment called The Banc in downtown Hammond, IN. The subject property is located on Hohman Avenue roughly 22 miles from downtown Chicago and close to the new Hammond Southshore station. The property was a former bank headquarters built in 1925 and recently completely renovated, ready for occupancy in March 2025. The property is currently being redeveloped into a 100-unit residential complex with preleasing currently underway. The building will include amenities to residents including: Secure parking, Pet Spa, Coworking Space, Fitness Center and more. Great opportunity to lease ground level space and feed off the many residents in the complex. Also available is basement space with original vault that could be repurposed and is suitable for a restaurant or speak-easy. The subject property is located near hundreds of new residential units coming in the next couple of years to downtown.
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Highlights

  • Retail space available in downtown Hammond, IN
  • Newly renovated building with 100 high-end residential units
  • Preleasing underway for the residential units
  • Located in proximity of hundreds of new residential units coming soon
  • Strategically located just 22 miles from downtown Chicago
  • Great opportunity for a small cafe or coffee user
  • Corner unit with great exposure and access directly off Hohman Ave

Getting around

  • 73/100

    Walk Score ®

  • 69/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hammond, IN
  • Neighborhood Central Hammond
  • Zip Code 46320
  • Market Chicago

Points of Interest

  • East Chicago

    2.24 miles

  • Hammond-Whiting

    5.10 miles

  • Dyer

    7.10 miles

  • Gary Metro Center

    9.51 miles

  • Luke

    0.22 miles

  • Speedway

    0.97 miles

  • Mobil

    1.03 miles

  • Citgo

    1.09 miles

  • GoLo

    1.16 miles

  • Marathon

    1.59 miles

  • Hammond City Hall Parking

    1.15 miles

  • 169th Street Parking

    3.28 miles

  • 169th St. Parking Garage

    3.41 miles

  • North 173rd Street Parking

    3.46 miles

  • South 173rd Street Parking

    3.58 miles

  • 84 HSM Parking Lot

    7.74 miles

  • Griffith Municipal Parking Lot

    8.13 miles

  • Village Mall parking

    9.58 miles

  • Wendy's

    0.24 miles

  • Popeyes

    0.30 miles

  • McDonald's

    1.02 miles

  • Taco Bell

    1.06 miles

  • Aurelio's Pizza

    1.41 miles

  • Johnny's Red Hots

    1.51 miles

  • KFC

    1.55 miles

  • White Castle

    1.75 miles

  • Little Caesars

    2.27 miles

  • Edwardo's Natural Pizza

    3.42 miles

  • Strack & Van Til

    0.19 miles

  • 1st Choice Market

    0.49 miles

  • ALDI

    1.25 miles

  • Food 4 Less

    2.45 miles

  • Target

    3.59 miles

  • Walmart Supercenter

    3.92 miles

  • Ross

    4.08 miles

  • dd's Discounts

    4.11 miles

  • Big Lots

    4.76 miles

  • Burlington

    6.74 miles

5231 Hohman Avenue Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    5231 Hohman Avenue is located in Central Hammond, which is home to a total of 1 listing(s). Retail space at The Banc asks $20.00/SF/YR per square foot.

  • The property includes 1,000 square feet of retail space for lease. Of this total, 1,000 square feet are Retail.

    Lease agreement conditions for the availability at this property include Modified Gross.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    5231 Hohman Avenue was last renovated in 2024.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Central Hammond is 35. The average household income here is $46,482 per year.

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.

Contact Listing Broker
broker
Brett McDermott

Latitude Commercial

  1. 1Main information
  2. 2Extra information