6213-6221 Kennedy Ave

Retail-Commercial for Sale
Catylist Listing ID: 30779861
Property Subtypes: Retail-Pad, Street Retail
Building Size (RSF): 12,136 SF
Gross Building Area: See Agent
Sale Price: $719,900
Unit Price: $59.32 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2022

Overview / Comments

This is a 100% fully leased multi-tenant retail center with a single apartment. This 11,250 square foot retail building with Prestige Auto Center, occupying 51% of the gross leasable area of the building. The tenants perform well and most tenants have been at the location since before 2010. $72,160.73 Net Operating Income =10.02% CAP Rate. Owner willing to do financing with a 35% down payment.
Built in 1958 this property has been 100% leased since 2011. This investment opportunity benefits immensely from its location along a highly traveled residential corridor with a majority of major retail minutes away from the subject property.
Hammond, Indiana, in Lake County, is 20 miles south of Chicago, Illinois. Located in Northwest Indiana, it is included in the Chicago metropolitan area and is the 5th largest city in the State of Indiana. It’s bordered to the north by Lake Michigan and to the south by I-80 / 94. The Chicago loop is approximately a half an hour away from Hammond.
The area is home to numerous railroad and trucking companies. A large number of products including steel, petroleum products, chemicals, corn goods, soap, and other items are manufactured in the city. Hammond has a major, freshwater marina, casino gambling, and health care centers for Northwest Indiana.
Hammond is also home to Purdue University Northwest, an academically comprehensive and accredited regional institution within the Purdue University system. Over 10,000 students attend the university and strive to earn a Purdue University degree in any of the 50 baccalaureate and master’s degree programs of study.

Current Tenants

Tenant Business Name Prestige Auto Center
Is Renting? Yes

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-07-04-403-001.000-023, 45-07-04-403-002.000-023
Zoning: C-4
Year Built: 1958

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,167 108,348 252,378
Median Age: 33.21 34.14 36.36
Households: 4,129 39,818 94,780


© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.