5417 Oakley Ave - Warehouse FOR SALE


Hammond, IN 46320
$875,000 USD
219-384-6721
5417 Oakley Ave, Hammond, IN for Sale
$875,000 USD
Warehouse - FOR SALE
1/25
null | Request Cap Rate

5417 Oakley Ave
Hammond, IN 46320


HIGHLIGHTS

  • Very functional building near Downtown Hammond
  • Open floor plan on both floors offer multiple uses of the property
  • Solid older building with updates since 2015
  • Overhead doors on Douglas and Oakley
  • Concrete floors and masonry exterior

OVERVIEW

BACK ON THE MARKET WITH $100,000 PRICE REDUCTION: 32,400 square foot building, 2 story available near downtown Hammond with C-3 zoning. Currently the home to 18th Street Brewery (BUSINESS IS NOT FOR SALE / INCLUDED) this is an opportunity to purchase a functional building with plenty of opportunity. Each floor offers 16,200 square feet with the lower level partially built out with the bar / restaurant, bathrooms and an area finished off for a tasting room for distillery products. The 1st floor consists of a brewery tasting room & restaurant, a separate distillery tasting room, microbrewery operation, distillery space, an event space that is also used as warehouse, can & bottle storage area, packaging area and restrooms. There are 2 overhead doors, one on the West side of the building (Oakley Ave) and 1 on the South side (Douglas Street). There is also an outdoor seating area on the North end of the building used with the current business that could be used for parking or storage. The 2nd floor has approximately 1250 sq ft of office space and the rest used for storage and some production. The building features 15' ceiling heights and for the most part is wide open. The building is on slab with masonry exterior, located on 4 City Blocks totaling .48 acres. Floor plans are attached. Property has 1 freight elevator and 2 sets of stairs to access the 2nd floor. Any purchase will be subject to existing business relocating in a timely manner or lease terms. Equipment and business assets NOT included.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47

LAND SF

20,613

ZONING

C-3

APN/PARCEL ID

45-02-36-405-011.000-023

ASK ABOUT THIS PROPERTY

Tim BrustWille, Stiener, & Brust, Inc.More Info
219-384-6721

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Tim BrustWille, Stiener, & Brust, Inc.More Info
219-384-6721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.