Price Reduction - Views
7302 Columbia Avenue Hammond, IN
$ 248,000
Property Attributes
  • MLS#480978
  • TypeCommercial
  • CountyLAKE
  • CityHammond
  • NeighborhoodFord-Roxana Add
  • Zip46324
  • StyleRetail
  • Price$ 248,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6564
  • Lot Size11,761 SqFt
Listing Provided Courtesy Of:
Jeff McCormick with McCormick Real Estate, Inc.
Property Description

THIS CORNER LOT PROPERTY HAS 2 MULTI-USE BUILDINGS!! The front all-brick building has a dry cleaning business store front with a 3 bedroom/1 bath apartment on the upper level. Water heater replaced 3 years ago. The rear building includes a store front on the main level with a half bath and storage space and a 2 bedroom/1 bath apartment on the upper level. This building was rebuilt in 2002 and in great condition! The roof was replaced 3 years ago. The backyard is fully fenced in with 4 parking spaces. Dry-cleaning business brings in $3000/month plus a potential of $1000/month in upstairs unit. The rear building has potential rental income of $1400/month. Net CAP rate 8%. If the buyer is interested in the dry cleaning business, all equipment can stay. If not, the seller intends to take the sewing machines with them. All appliances can stay. Come view this great investment property today!!

Price History
9/3/2020 Listed $249,900
10/1/2020 1% - $249,400
11/2/2020 1% - $249,000
11/11/2020 1% - $248,000

General Features

Exterior Features Block, Brick, Vinyl
Property SubType Retail
Property Type Commercial
Subdivision Name Ford-Roxana Add
Transaction Type Sale
Year Built 1946

Interior Features

Living Area 6564.00

Exterior Features

Lot Size Square Feet 11761.00


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 46324

AVG $220K
AVG 35
Year Built
AVG 1943
AVG 64
Data Provided by Walkscore ® not using MLS data

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