Convenient Shopping Center | 6823-6837 Grand Ave
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Convenient Shopping Center 6823-6837 Grand Ave
11,850 SF 91% Leased Retail Building Hammond, IN 46323 For Sale
Executive Summary
6823 - 6837 South Grand Avenue is a 11,850 square-foot neighborhood shopping center located in Hammond IN. The Property is located at the intersection of Grand Avenue and 169th Street, just west of the I-912 interchange. The building is 100% occupied. Overall, the building provides investors strong cash flow from a stabilized asset that offers the opportunity for rent growth. The property has an average rent below comparable buildings which have an average Market Rent of $15.43 psf, offering value-add opportunity for the new owner.
Below Market Rent - The property has an average rent below comparable buildings which have an average Market Rent of $15.43 psf
Neighborhood Center - The property has been a staple in the community since 1968 and will remain so for decades to come.
Landlord Termination Rights - Offering swift termination options to enable a purchaser the chance to seize emerging market opportunities cost-effectively, ensuring that investments remain aligned with investment expectations.
Below Market Rent - The property has an average rent below comparable buildings which have an average Market Rent of $15.43 psf
Neighborhood Center - The property has been a staple in the community since 1968 and will remain so for decades to come.
Landlord Termination Rights - Offering swift termination options to enable a purchaser the chance to seize emerging market opportunities cost-effectively, ensuring that investments remain aligned with investment expectations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,850 SF
Building Class
C
Year Built
1968
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.84 AC
Zoning
C-2
Parking
37 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
170 ft on Granda Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 6827
- 1,050 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 6827 | 1,050 SF | Retail | - | Now |
6827
| Size |
| 1,050 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 45-07-10-253-004.000-023 | Improvements Assessment | $252,135 CAD |
| Land Assessment | $112,433 CAD | Total Assessment | $364,568 CAD |
PROPERTY TAXES
Parcel Number
45-07-10-253-004.000-023
Land Assessment
$112,433 CAD
Improvements Assessment
$252,135 CAD
Total Assessment
$364,568 CAD
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Convenient Shopping Center | 6823-6837 Grand Ave
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