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6824 Calumet Ave, Hammond, IN 46324 6824 Calumet Ave 3,400 SF Office Building Hammond, IN 46324 $474,658 CAD ($139.61 CAD/SF) 13.18% Cap Rate
Executive Summary
One Restaurant Space—Fully equipped, operational, and ideal for a café, bar, or full-service restaurant. Monthly rent: $2,200
One Office Space – Spacious, suitable for professional services, co-working, or private business. Monthly rent: $1,600
Investment Highlights:
Total Annual Rent: $45,600
Asking Price: $349,900
Cap Rate: ~13%
Cash-on-Cash Return: Strong potential depending on financing terms
Turnkey Income: Both spaces currently leased, immediate cash flow
Location Advantages:
Prime location on Calumet Ave (U.S. 41)—a high-traffic corridor with excellent visibility
Easy access to I-80/I-94, public transport, and nearby Chicago metro
Close to gas stations, retail, and everyday services, ensuring consistent foot traffic
One Office Space – Spacious, suitable for professional services, co-working, or private business. Monthly rent: $1,600
Investment Highlights:
Total Annual Rent: $45,600
Asking Price: $349,900
Cap Rate: ~13%
Cash-on-Cash Return: Strong potential depending on financing terms
Turnkey Income: Both spaces currently leased, immediate cash flow
Location Advantages:
Prime location on Calumet Ave (U.S. 41)—a high-traffic corridor with excellent visibility
Easy access to I-80/I-94, public transport, and nearby Chicago metro
Close to gas stations, retail, and everyday services, ensuring consistent foot traffic
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$62,737
|
$18.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$62,737
|
$18.45
|
| Taxes |
$7,429
|
$2.19
|
| Operating Expenses |
$5,503
|
$1.62
|
| Total Expenses |
$12,933
|
$3.80
|
| Net Operating Income |
$49,805
|
$14.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $62,737 |
| Annual Per SF | $18.45 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $62,737 |
| Annual Per SF | $18.45 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,429 |
| Annual Per SF | $2.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,503 |
| Annual Per SF | $1.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,933 |
| Annual Per SF | $3.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $49,805 |
| Annual Per SF | $14.65 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,400 SF
Building Class
C
Year Built
1930
Price
$474,658 CAD
Price Per SF
$139.61 CAD
Cap Rate
13.18%
NOI
$62,582 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,400 SF
Building FAR
0.68
Lot Size
0.11 AC
Zoning
C
Parking
9 Spaces (2.65 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 45-06-12-282-027.000-023 | Total Assessment | $195,779 CAD (2025) |
| Land Assessment | $84,888 CAD (2025) | Annual Taxes | $7,429 CAD ($2.19 CAD/SF) |
| Improvements Assessment | $110,891 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
45-06-12-282-027.000-023
Land Assessment
$84,888 CAD (2025)
Improvements Assessment
$110,891 CAD (2025)
Total Assessment
$195,779 CAD (2025)
Annual Taxes
$7,429 CAD ($2.19 CAD/SF)
Tax Year
2024
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6824 Calumet Ave, Hammond, IN 46324 | 6824 Calumet Ave
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