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.
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA839380
Price : $550,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1952
Lot Area : 5,750 Sqft
Status : Active
Acres : 0.132
Property Subtype 1 : Mixed Use
Status : Active
Features
Heating System : Forced Air, Natural Gas
Basement : Yes
Parking : Attached, Off Street, On Street, Additional Parking
Exterior Features : No
Interior Features : Granite Counters, Eat-in Kitchen, Kitchen Island
Appliances
Appliances : No
Address Map
Country : US
State : IN
County : Lake
City : Hammond
Street : Kennedy
Street Number : 6429
Street Suffix : Avenue
Postal Code : 46323
Floor Number : 0
Longitude : W88° 32' 19.7''
Latitude : N41° 35' 47''
Directions : From Indianapolis Blvd take east on 165th, turn left onto Kennedy, building is on the corner of Kennedy and Cleveland.