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
- Waterfront YN
- No
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; Contract; 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
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
Listing Office:
Weichert, Realtors-Moke Agency
Last Updated: February - 24 - 2024
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