Franciscan Medical - Hammond 5529 Hohman Ave 3,892 SF Office Building Hammond, IN 46320 $592,960 CAD ($152.35 CAD/SF) 16.31% Cap Rate

Introducing a premier investment opportunity in the heart of Hammond, IN. This NNN single tenant property offers a prime location on Hohman Avenue, diligently serving as the modern medical office space for tenant Franciscan Health for the past 12 years. Boasting a turnkey operation, this 3,892 SF building holds significant value with a current NOI of approximately $70,000 annually. With a lease in place until September 2027, investors can capitalize on a stable and lucrative income stream. Zoned C1 and built in 1929, this property presents an enticing proposition for Office / Medical investors seeking a secure, long-term investment in a prominent downtown location.
This property is located on the southeast corner of Hohman Avenue and Condit Street in Downtown Hammond. Hammond is a city in Lake County, Indiana. Located along Lake Michigan, it is part of the Chicago metropolitan area and the only city in Indiana to border Chicago. As of the 2020 census, it is the eighth-most populous city in Indiana, with 77,879 residents. The city is traversed by numerous railroads and expressways, including the South Shore Line, Borman Expressway, and Indiana Toll Road. Notable local landmarks include the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino. Part of the Rust Belt, Hammond has been industrial almost from its inception but is also home to a campus of Purdue University and numerous historic districts. Downtown Hammond has the South Shore Rail extension coming and is undergoing a large scale revitalization.