7235 Calumet Avenue Hammond, IN ^$ 479,400

7235 Calumet Avenue

^$ 479,400

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Recently Listed

7235 Calumet Avenue

Hammond, IN, 46324

^$ 479,400

Bedrooms-- Baths-- Sq 12,106

Monthly Estimate*

^$ 2,952

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Commercial Property for sale in Hammond, IN

for $479,400. This 12,106 square foot building was built in 1946 on a lot size of 0.287.

Great investment opportunity offered below market value! This established corner-lot commercial property is located in a high-traffic area along Calumet Avenue and offers over 12,000 square feet of versatile space. The building provides potential for up to 7 separate retail/commercial units, making it ideal for investors or owner-users seeking strong income potential once fully occupied. Additional value includes garage space accommodating 9+ vehicles, allowing for mixed-use possibilities, storage, or tenant amenities. Excellent visibility, flexible layout, and upside potential make this a solid value-add opportunity.

Commercial Active

Price

^$ 479,400

Property Type

Commercial

Taxes

^$ 12,048

Style

Mixed Use

Lot Size

0.287

Year Built

1946

Town/City

Hammond

County/Region

Lake

MLS | Web ID

833286

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Natural Gas Available Electricity Connected

Year Built 1946

Electric 200+ Amp Service Circuit Breakers

Township North

Property Subtype Mixed Use

Tax Year 2025

County Lake

Property Type Commercial Sale

Subdivision Name Wood Lawn Terrace

Building Features Freight Elevator(s) Mixed Use Public Restrooms Private Restrooms Multi Tenant

Status Active

Directions From 80/94 take Calumet Ave North. Property is on the East side of Calumet across from Walgreens.

City Hammond

High School District Hammond

Lot Size Square Feet 12502

Listing Terms Cash Conventional

Tax Annual Amount 12048.62

Standard Status Active

Legal Description WOODLAWN TERRACE ALL LOTS 7 8 9 & 10 BL.1

Exterior

Parking Features Garage Door Opener On Street Garage Faces Rear Paved

Water Source Public

Total Parking 7

Lot Size Acres 0.287

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Anil Bhalla

Listing Agent

Listing Leaders Northwest

Broker

brokerbhalla@gmail.com

Affordability Calculator

$3,956

Per Month

Monthly Principal & Interest: $2,952
Monthly Property Taxes: $1,004
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Commerical listings in Hammond, IN

Average List Price ^$547,224

Percent of Sale Price 14%

About Hammond, IN

77,082 Population

-7% Since 2002

^$41,776 Median Income

35.38 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4001609 Elementary School

4001615 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/27/2026	$479,400		Listed Price

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7235 Calumet Avenue, Hammond, IN, 46324 is a Commercial Property for sale at $479,400 with 12,106 sqft and a lot size of 0.287. 7235 Calumet Avenue was built in 1946. The property's zip code is 46324 which is in Hammond, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/27/2026.

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7235 Calumet Avenue

Commercial Property for sale in Hammond, IN

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