5529 Hohman Ave - Medical FOR SALE


Hammond, IN 46320
$399,000 USD
317-658-5005
5529 Hohman Ave, Hammond, IN for Sale
$399,000 USD
Medical - FOR SALE
1/11
null | 17.37% Cap Rate

5529 Hohman Ave
Hammond, IN 46320


HIGHLIGHTS

  • Medical Office Building for sale in Hammond
  • Tenant Franciscan Health has been in place 12 years with the current lease expiring September of 2027
  • Tenant will be vacating in Q4 of 2027 and building will be ideal for an owner user
  • Located in Downtown Hammond on Hohman Avenue
  • Turnkey modern medical office space

OVERVIEW

This 3,892 SF property, built in 1929 and zoned C1, holds significant appeal for office and medical users looking for space in Downtown Hammond. Leased to Franciscan Health for 12 years, the current lease ends in September 2027, presenting a seamless transition for an owner-user by Q4 of 2027. Prominently located in Downtown Hammond on Hohman Avenue, this turnkey modern medical office space offers a prime opportunity for strategic investment and future success within the medical and office sectors. Taxes approximately $7,500 annually. n. This property is located on the southeast corner of Hohman Avenue and Condit Street in Downtown Hammond. Hammond is a city in Lake County, Indiana. Located along Lake Michigan, it is part of the Chicago metropolitan area and the only city in Indiana to border Chicago. As of the 2020 census, it is the eighth-most populous city in Indiana, with 77,879 residents. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Part of the Rust Belt, Hammond has been industrial almost from its inception but is also home to a campus of Purdue University and numerous historic districts. Downtown Hammond has the South Shore Rail extension coming and is undergoing a large scale revitalization.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

17.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franciscan Medical - Hammond

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C1

APN/PARCEL ID

45-02-36-379-001.000-023

ASK ABOUT THIS PROPERTY

Antony MiocicLatitude CommercialMore Info
317-658-5005

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

Antony MiocicLatitude CommercialMore Info
317-658-5005

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