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532-34 Conkey Street Hammond, IN $ 489,999
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532-34 Conkey Street
$ 489,999
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532-34 Conkey Street

Hammond, IN, 46324
$ 489,999
Bedrooms-- Baths-- Sq 6,000

Monthly Estimate*

$ 3,017

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Commercial Property for sale in Hammond, IN

for $489,999. This 6,000 square foot building was built in 1955 on a lot size of 0.15.

Value add mixed use investment opportunity with massive upside potential in EXCELLENT condition! Currently generating 1,650/month from only two residential studio units (750 and 900 each), this property offers the ability to increase income to over 5,500/month through lease-up, unit expansion, and rent stabilization. The property features six total units retail, office, and residential including a 3,000 SF commercial space and a 1,950 SF commercial/office unit, both vacant and capable of commanding 1,200-1,600/month each. Two additional vacant office spaces can rent for 500-650/month each, or could be converted into larger residential units commanding 1250-1,500/month each. Off-street parking, additional rear lot space/storage, and on site laundry make this property highly appealing to tenants. Ideal for investors seeking to build equity, increase cash flow, and reposition an underperforming asset in a strong rental market.

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Commercial Active

Price

$ 489,999

Property Type

Commercial

Taxes

$ 4,125

Style

Mixed Use

Lot Size

0.15

Year Built

1955

Town/City

Hammond

County/Region

Lake

MLS | Web ID

836484
Features
General
Sewer Public Sewer
Heating Natural Gas
Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Security Features Security System
Year Built 1955
Electric 200+ Amp Service
Township North
Property Subtype Mixed Use
Tax Year 2025
County Lake
Property Type Commercial Sale
Building Features Meeting Room Strip Mall Location Mixed Use Exterior Lighting Enclosed Stair(s) Courtyard Public Restrooms Private Restrooms Multi Tenant
Status Active
Directions From I-80/I-94 (Borman Expressway): Take Exit 1B for Calumet Avenue / IN-912 toward Hammond. Head south on Calumet Ave. Turn east onto Conkey Street. Property will be on the right-hand side
City Hammond
High School District Hammond
Lot Size Square Feet 6534
Listing Terms Cash Conventional
Tax Annual Amount 4125.38
Standard Status Active
Legal Description FRANKLIN ADD. ALL L.2 & 3 BL.7
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Exterior
Exterior Amenities Balcony Storage Private Yard
Parking Features Off Street On Street Alley Access Additional Parking Other
Lot Features Back Yard Rectangular Lot Near Public Transit Paved Corner Lot
Water Source Public
Total Parking 5
Lot Size Acres 0.15
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Laundry Features Laundry Room
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* Excluded Features
List By
Anil Bhalla

Listing Agent

Listing Leaders Northwest

Broker

brokerbhalla@gmail.com

Email

Affordability Calculator

$3,361
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,017
Monthly Property Taxes
$344
Monthly 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
4001609 Elementary School
4001615 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/3/2026$489,999 Listed Price

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532-34 Conkey Street, Hammond, IN, 46324 is a Commercial Property for sale at $489,999 with 6,000 sqft and a lot size of 0.15. 532-34 Conkey Street was built in 1955. The property's zip code is 46324 which is in Hammond, IN

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