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$550,000

Est. payment - /mo

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7,952 SqFt

Active

6429 S Kennedy AVE #31 Hammond, IN 46323

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Christina Steele

christina@maptorealestate.com +1(574) 209-1010

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,952 sqft

Price per Sqft $69

Subdivision Turner-Meyn Park

MLS Listing ID 839380

Year Built 1952

Annual Tax Amount $5,264

Tax Year 2024

Lot Size 5,749 Sqft

Acres 0.132

Property Sub-Type Mixed Use

Property Description

Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.

Location

State IN

County Lake

Zoning Mixed Use

Interior

Interior Features Eat-in Kitchen, Kitchen Island, Granite Counters

Heating Forced Air, Natural Gas

Fireplace N

Appliance None

Exterior

Exterior Feature None

View Y/N true

View true

Building

Lot Description Corner Lot, Paved

Others

Tax ID 450704455001000023

Acceptable Financing NRA20260521150228082968000000

Listing Terms NRA20260521150228082968000000

Listed by Brokerworks Group • Diana Franz

NEARBY SCHOOL & BUSINESS

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