7340 Calumet Avenue Hammond, IN $ 310,000
7340 Calumet Avenue
$ 310,000
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7340 Calumet Avenue

Hammond, IN, 46324
$ 310,000
Bedrooms-- Baths-- Sq 870

Monthly Estimate*

$ 1,934

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Commercial Property for sale in Hammond, IN

for $310,000. This 870 square foot building was built in 1987 on a lot size of 0.14.

Unlock the door to entrepreneurship with this exceptional 870 sq. ft. commercial property in the heart of Hammond, Indiana. Just 2 1/2 blocks North of I_80/94 this efficient gem at 7340 Calumet Ave is poised to become the canvas for your business vision while maintaining low overhead. The versatile layout offers boundless possibilities, currently a fully operational used car dealership. Adaptable for any number of retail or office uses. Where potential for every square foot speaks to opportunity. Recent improvements include Modern LED Lot Lighting, Lighted Monument Sign and Lighted Building Signage, HVAC in the last two years, and redecorated interiors for comfortable customer areas. The space works well as an automotive related location but could be molded to your unique business needs. Imagine display areas, workspaces, or a customer lounge - the choice is yours. Outside, a spacious parking lot welcomes your patrons, offering convenience in today's fast-paced world. The property's exterior, with its charming brick facade, offers a timeless appeal that will make your business stand out and offers an inviting atmosphere for all who visit. Location is key, and this property delivers. Situated on bustling Calumet Avenue, you'll benefit from high visibility and easy accessibility with a traffic count of more than 32,000 vehicles daily. The diverse neighborhood promises a steady stream of potential customers. Don't just start a business - create a legacy. This property isn't just a space; it's the launchpad for your entrepreneurial journey. With its prime location, versatile layout, and great potential, 7340 Calumet Ave is more than a property - it's your pathway to success. Seize this opportunity to turn your business dreams into reality in the heart of Hammond.

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Commercial Active

Price

$ 310,000

Property Type

Commercial

Taxes

$ 7,264

Style

Retail

Lot Size

0.14

Year Built

1987

Town/City

Hammond

County/Region

Lake

MLS | Web ID

829455

Features
General
Sewer Public Sewer
Heating Central Forced Air Natural Gas
Utilities Cable Connected Sewer Connected Water Connected Natural Gas Connected Electricity Connected
Security Features Security System Smoke Detector(s)
Year Built 1987
Electric 200+ Amp Service
View City Neighborhood
Township North
Property Subtype Retail
Tax Year 2024
County Lake
Property Type Commercial Sale
Building Features Business District Location Sheet Rock Ceiling(s) Exterior Lighting
Status Active
Directions 2 1/2 blocks North from I-80/94 on Calumet Ave to site on West side of street
City Hammond
Lot Size Square Feet 6098.4
Listing Terms Cash Conventional
Tax Annual Amount 7264.82
Virtual Tour https://my.matterport.com/show/?m=9EtEN5kCNnJ&brand=0
Standard Status Active
Legal Description Calumet Park Add Blk 1 Lots 7 & 8
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Exterior
Exterior Amenities Lighting
Parking Features Concrete Off Street
Lot Features Near Public Transit Rectangular Lot
Water Source Public
Total Parking 20
Lot Size Acres 0.14
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
William Loy

Listing Agent

Mccolly Real Estate

Broker

Bill.Loy@McColly.com

Email

Affordability Calculator

$2,539
Per Month
76%
24%
0%
Monthly Principal & Interest
$1,934
Monthly Property Taxes
$605
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/17/2025$310,000 Listed Price

Map


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7340 Calumet Avenue, Hammond, IN, 46324 is a Commercial Property for sale at $310,000 with 870 sqft and a lot size of 0.14. 7340 Calumet Avenue was built in 1987. The property's zip code is 46324 which is in Hammond, IN