Hammond, Indiana, offers a unique opportunity for investors to capitalize on its diverse economy and strategic location. Specialty Properties in Hammond are a good investment due to the city's rich history, industrialization, and proximity to Lake Michigan. These properties can represent a range of investments, from light manufacturing and transportation to retail and hospitality. Hammond's amenities, such as the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino, make it an attractive location for businesses and travelers alike. The city's infrastructure, including the South Shore Line commuter rail and the Borman Expressway, provides easy access to Chicago and other regional hubs. With a population of approximately 80,000 residents, Hammond offers a stable and growing market for Specialty Properties. The city is also home to several major corporations, including Unilever and ExxonMobil, which contribute to its economic diversity.
Currently, there are 2 Specialty Properties available for sale in Hammond, offering a range of investment opportunities. The average price per square foot for these properties is $99 USD, with an average size of 19,284 square feet. The largest property available is 30,000 square feet. In addition to Specialty Properties, Hammond also offers a range of other property types, including Shopping Centers, which can be found along major thoroughfares like Calumet Avenue and Indianapolis Boulevard. Land is also available for development, with opportunities for industrial, commercial, or residential use. Office Properties are concentrated in the Downtown Hammond area, offering easy access to amenities and transportation. Warehouses are located near major transportation hubs, such as the Indiana Toll Road and the Borman Expressway. Overall, Hammond's diverse economy and range of property types make it an attractive location for investors and businesses alike.
What financing options are available for specialty property purchases?
When it comes to financing specialty property purchases in Hammond, Indiana, buyers have various options to consider. For instance, commercial real estate loans (CRE loans), as explained in our article at CRE loans, can provide the necessary funding for acquiring unique properties, such as the 2 available listings in Hammond, which offer an average price per square foot of $99 USD and average sizes ranging from 19,284 square feet to 30,000 square feet, with an average cap rate of 9%.
