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7051 Kennedy Avenue

Hammond, IN 46323
  • $1,375,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 499317
UPDATED: 41 min ago
$1,375,000
  • 0
    BEDS
  • 0.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,740
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1947
County:
Area:

School Ratings & Info

Description

Great mixed-use investment opportunity located at a signalized intersection on Kennedy Avenue and 171st Street, which is 3 traffic lights north of 80/94. 5 sources of rental income totaling $4,000 per month. This 10,332 square foot mixed use building boosts 7,186 square feet of ground floor retail space, 6,000 square feet is now available for a owner occupied owner, one three bedroom apartment and one two bedroom apartment on the second floor with a connecting laundry room with coin operated washers and dryers, 2 of each. The two apartments are newly renovated and provide a sleek city like living. There is a 1,300 square foot un-finished basement with ample parking both for retail customers and residents, including a 34 space fenced lot. The three units are all currently leased with the retail occupants on triple net or net leases and the residential units each responsible for a portion of utilities. The one retail tenant has three years left on their respective lease agreement.

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© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-23T22:52:31.557.
www.mccormickrealestateindiana.com/homes/120661597
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7051 Kennedy Avenue Hammond, IN 46323

  • Price: $1,375,000
  • Status: Active
  • Updated: 41 min ago
  • MLS #: 499317
0
Beds
0
Baths
0
½ Baths
0.87
Acres
11,740
SQFT
$117
$/SQFT
1947
Built
Neighborhood:
None
County:
Lake
Area:
Hammond
Property Description
Great mixed-use investment opportunity located at a signalized intersection on Kennedy Avenue and 171st Street, which is 3 traffic lights north of 80/94. 5 sources of rental income totaling $4,000 per month. This 10,332 square foot mixed use building boosts 7,186 square feet of ground floor retail space, 6,000 square feet is now available for a owner occupied owner, one three bedroom apartment and one two bedroom apartment on the second floor with a connecting laundry room with coin operated washers and dryers, 2 of each. The two apartments are newly renovated and provide a sleek city like living. There is a 1,300 square foot un-finished basement with ample parking both for retail customers and residents, including a 34 space fenced lot. The three units are all currently leased with the retail occupants on triple net or net leases and the residential units each responsible for a portion of utilities. The one retail tenant has three years left on their respective lease agreement.
Exterior Features

Building Construction Brick Building Exterior Brick Dock Features None Foundation Block Frontage Access City StreetPublic Road Lot Dimensions 69X110 Misc Outside Other Overhead Doors 1 Parking Common Parking Parking Spaces 0 Rail Availability None Roof Coverings CompositionRubber Roof Structure FlatGable

Interior Features

Air Conditioning Ventilation Central Air Ceiling Type AcousticalSheet Rock Floor Finish CarpetWood Heat Ventilation Central Bldg HeatForced Air Misc Inside Multi Tenant

Property Features

Amenities Exterior Lighting Backup Information Other Cross Street Address 171st Current Use Medical/DentalMulti FamilyRetailMixed Use Electrical Service Other Fire Protection Fire ExtinguishersSmoke/Fire Protect Information Other Possession Subject To Tenant Potential Use Multi FamilyRetail Property Subtype1 Retail Property Subtype2 Multi Family Property Subtype3 Office Taxes 15999 Tenant Pays C.A.M.ElectricityScavengerSewerWater Terms CashConventional Transaction Type Sale Utilities On

Listing information © 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Brian Waters of Mentor Listing Realty, Inc..

© 2021 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than McCormick Real Estate are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-10-23T22:52:31.557.
 
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