7235-41 Calumet Avenue, Hammond, IN 46324
$647,000
Property Type:
Commercial Sale
Square Footage:
12,106
Lot Size (sq. ft.):
12,502
Status:
Closed
Current Price:
$647,000
List Date:
12/16/2020
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 486177
General Property Information
- Living Area
- 12106
- Building Area Source
- Assessor
- Year Built
- 1946
- Lot Size Acres
- 0.287
- Lot Size Square Feet
- 12502
- Lot Size Dimensions
- 125 X 100
- Stories
- 0
Property Features
Building Features:
Business District Location; Exposed Under Roof Ceiling(s); Exterior Lighting; Mixed Use; Multi Tenant; Plastered Ceiling(s); Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s)
Construction Materials:
Brick
Cooling:
Central Air; Zoned
Current Use:
Commercial; Mixed Use; Multi-Family; Office; Retail
Electric:
440 Volts; Circuit Breakers
Flooring:
Carpet; Concrete; Tile
Foundation Details:
Brick/Mortar; Concrete Perimeter
Heating:
Forced Air; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Assigned; Common; Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Possible Use:
Commercial; Medical/Dental; Mini-Storage; Mixed Use; Multi-Family; Office; Retail
Rail Availability:
None
Road Frontage Type:
City Street; State Road
Roof:
Flat; Membrane; Rubber
Security Features:
Security Lights; Smoke Detector(s)
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected
Contract Information
- Auction YN
- No
- Original List Price
- 647500
- Property Sub Type
- Retail
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 7235-41
- Street Name
- Calumet
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46324
- Subdivision Name
- Woodlawn Terrace
Remarks and Miscellaneous
- Public Remarks
- Great investment opportunity offering over a 12% cap rate. This established money maker is fully occupied and in a high traffic area. This very well maintained building has over 12,000 square feet and offers 4 residential units & 3 retail/commercial units. In addition there is garage space for over 9 cars. Most units on multi-year leases. Call a Realtor today!
Status Change Information
- Major Change Timestamp
- 2021-02-15T12:54:02Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2021-02-15
- Close Date
- 2021-02-15
- Close Price
- 647000
- Concessions
- No
- Buyer Financing
- Contract
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 100
Income and Expenses
- Electric Expense
- 5400
- Expense Year
- 2020
- Gross Scheduled Income
- 106572
- Insurance Expense
- 4100
- Net Operating Income
- 79586
- New Taxes Expense
- 9985
- Total Actual Rent
- 106572
- Trash Expense
- 900
- Water Expense
- 1200
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
Showing Requirements
- Showing Instructions
- Use Show Assist - Please provide as much notice as possible.
Historical Information
- Public Historical Remarks
- Zoning: COMM, Utilities: On, Roof Coverings: Reflective Coating, Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Postal Code +4
- 2407
- Tax Legal Description
- Legal Description: WOODLAWN TERRACE ALL LOTS 7,8,9 & 10 BL.1
- Parcel Number
- 450707351019000023
- Zoning Description
- Commercial
- Township
- North
- Directions
- From 80/94 take Calumet Ave North. Property is on the East side of Calumet across from Walgreens.
- Cross Street
- 173rd Street
Construction Materials
- Brick
- Yes
Cooling
- Central Air
- Yes
- Zoned
- Yes
Electric
- 440 Volts
- Yes
- Circuit Breakers
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
Foundation Details
- Brick/Mortar
- Yes
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Assigned
- Yes
- Common
- Yes
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Road Frontage Type
- City Street
- Yes
- State Road
- Yes
Roof
- Flat
- Yes
- Membrane
- Yes
- Rubber
- Yes
Security Features
- Security Lights
- Yes
- Smoke Detector(s)
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Current Use
- Commercial
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Retail
- Yes
Possible Use
- Commercial
- Yes
- Medical/Dental
- Yes
- Mini-Storage
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Retail
- Yes
Building Features
- Business District Location
- Yes
- Exposed Under Roof Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Mixed Use
- Yes
- Multi Tenant
- Yes
- Plastered Ceiling(s)
- Yes
- Private Restrooms
- Yes
- Sheet Rock Ceiling(s)
- Yes
- Suspended Ceiling(s)
- Yes
Rail Availability
- None
- Yes
Listing Office:
Weichert, Realtors-Moke Agency
Last Updated: February - 24 - 2024
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