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6824 Calumet Ave, Hammond, IN 46324 6824 Calumet Ave 3,400 SF 60% Leased Retail Building Hammond, IN 46324 $472,132 CAD ($138.86 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: $34,5000
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: $34,5000
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 |
$62,404
|
$18.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$62,404
|
$18.35
|
| Taxes |
$7,390
|
$2.17
|
| Operating Expenses |
$5,474
|
$1.61
|
| Total Expenses |
$12,864
|
$3.78
|
| Net Operating Income |
$49,540
|
$14.57
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $62,404 |
| Annual Per SF | $18.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $62,404 |
| Annual Per SF | $18.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,390 |
| Annual Per SF | $2.17 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $5,474 |
| Annual Per SF | $1.61 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,864 |
| Annual Per SF | $3.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $49,540 |
| Annual Per SF | $14.57 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,400 SF
Building Class
C
Year Built
1930
Price
$472,132 CAD
Price Per SF
$138.86 CAD
Cap Rate
13.18%
NOI
$62,249 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.11 AC
Zoning
C - C
Parking
9 Spaces
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,350 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,350 SF | Office | - | Now |
1st Floor
| Size |
| 1,350 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 45-06-12-282-027.000-023 | Total Assessment | $194,516 CAD (2025) |
| Land Assessment | $84,340 CAD (2025) | Annual Taxes | $7,390 CAD ($2.17 CAD/SF) |
| Improvements Assessment | $110,175 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
45-06-12-282-027.000-023
Land Assessment
$84,340 CAD (2025)
Improvements Assessment
$110,175 CAD (2025)
Total Assessment
$194,516 CAD (2025)
Annual Taxes
$7,390 CAD ($2.17 CAD/SF)
Tax Year
2024
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6824 Calumet Ave, Hammond, IN 46324 | 6824 Calumet Ave
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