7444 Kennedy Avenue, Hammond, IN 46323 (MLS# 542175)

7444 Kennedy Avenue, Hammond, IN 46323

$350,000

Property Type: Commercial Sale Square Footage: 2,070 Lot Size (sq. ft.): 14,767 Status: Closed

Current Price: $350,000 List Date: 3/07/2024 Last Modified: 5/22/2025

Overview

Description

Commercial 2 unit strip mall in a GREAT location. This property is visible from the 80/94 expressway for easy access to travelers. This is actually 2 separate parcels. The one to the North has the strip mall, and the one to the South is a vacant lot. The building currently houses the #1 Domino's Pizza Franchise in the area, and with a NNN lease that extends to 2024 with the option of a 5 year extension available twice more. The 2nd unit has a new tenant with a 3 year NNN lease starting on 01/01/24 with two 3 years options available.With the addition of the vacant lot to the South you have a variety of possibilities. You can add on to the existing building, build a 2nd building, or have a billboard installed for additional income.The parcel # for the vacant lot7504 Kennedy Ave45-07-16-179-016.000-023

Listing Details MLS# 542175

General Property Information

Number Of Units Total: 2
Living Area: 2070
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 2004
Parking Total: 12
Lot Size Acres: 0.339
Lot Size Square Feet: 14767
Lot Size Source: Assessor
Lot Size Dimensions: 102.58 x 133.35 x 92.37 x 133.01
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Building Features: Acoustical Ceiling(s); Exterior Lighting; Mixed Use; Multi Tenant; Private Restrooms; Strip Mall Location; Suspended Ceiling(s) Construction Materials: Brick; Frame; Vinyl Siding; Other Cooling: Central Air; Window Unit(s) Current Use: Commercial Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers Flooring: Concrete; Tile; Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Paved Possession: Close Of Escrow Possible Use: Commercial; Medical/Dental; Mixed Use; Office; Recreational; Retail Rail Availability: None Road Frontage Type: City Street; Interstate Roof: Aluminum; Other Security Features: Security Lights Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany

Contract Information

Auction YN: No
Original List Price: 675000
Property Sub Type: Retail
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 7444
Street Name: Kennedy
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46323
Subdivision Name: Roxana 1st Add

Remarks and Miscellaneous

Public Remarks: Commercial 2 unit strip mall in a GREAT location. This property is visible from the 80/94 expressway for easy access to travelers. This is actually 2 separate parcels. The one to the North has the strip mall, and the one to the South is a vacant lot. The building currently houses the #1 Domino's Pizza Franchise in the area, and with a NNN lease that extends to 2024 with the option of a 5 year extension available twice more. The 2nd unit has a new tenant with a 3 year NNN lease starting on 01/01/24 with two 3 years options available.With the addition of the vacant lot to the South you have a variety of possibilities. You can add on to the existing building, build a 2nd building, or have a billboard installed for additional income.The parcel # for the vacant lot7504 Kennedy Ave45-07-16-179-016.000-023

Status Change Information

Major Change Timestamp: 2025-05-22T12:52:07Z
Major Change Type: Status Change
Price Change Timestamp: 2025-03-27T14:58:28Z
Status Change Timestamp: 2025-05-22
Offer Acceptance Date: 2025-03-28
Close Date: 2025-05-21
Close Price: 350000
Concessions: No
Buyer Financing: Cash

More Information

Building Features

Building Dimensions: 46 x 45
Clear Ceiling Height: 11 ft
Office SqFt: 1035
Acoustical Ceiling(s): Yes
Exterior Lighting: Yes
Mixed Use: Yes
Multi Tenant: Yes
Private Restrooms: Yes
Strip Mall Location: Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Expense Year: 2022
Gross Scheduled Income: 39600
New Taxes Expense: 9024
Total Actual Rent: 39600
Electric Expense: 0
Gross Income: 0
Insurance Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Listing agent must be present for all showings
24 Hour Notice: Yes
Listing Agent Must Accompany: Yes

Historical Information

Public Historical Remarks: Utilities: On, Electrical Service: 120 Volts, Frontage Access: Frontage Road,Public Road, Parking: Public Parking, Roof Structure: Gable,Truss, Fire Protect: Fire Extinguishers, Number of Offices: two, Overhead Doors:

Location, Tax, and Legal

Postal Code +4: 2649
Tax Annual Amount: 9024
Tax Year: 2022
Tax Legal Description: Legal Description: ROXANA 1ST ADD TO HAMMOND ALL LOTS 17 THRU 20 BL. 4 & N 1/2 VAC. 175TH ST. ADJ T
Parcel Number: 450716131019000023
Township: North
Directions: Kennedy Ave North off of 80/94 property is immediately on the West Side.

Construction Materials

Brick: Yes
Frame: Yes
Vinyl Siding: Yes
Other: Yes

Cooling

Central Air: Yes
Window Unit(s): Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes
220 Volts: Yes
Circuit Breakers: Yes

Flooring

Concrete: Yes
Tile: Yes
Vinyl: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Lighted: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes
Interstate: Yes

Roof

Aluminum: Yes
Other: Yes

Security Features

Security Lights: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Current Use

Commercial: Yes

Possible Use

Commercial: Yes
Medical/Dental: Yes
Mixed Use: Yes
Office: Yes
Recreational: Yes
Retail: Yes

Rail Availability

None: Yes

Listing Office: BS Realty Services Indiana LLC

Last Updated: May - 22 - 2025

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