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1212 172nd St
Hammond, IN 46324

$1,542,000 USD

Public Library For Sale  •  8,568 SF

Property Details

  • Property Type Public Library
  • Total Building Size 8,568 SF
  • Lot Size 1.9 AC
  • Building Class B
  • Year Built 1986
  • Zoning Commercial
0 Transit Score
59 Walk Score

Highlights

The property generates a net operating income (NOI) of $138,802, with a competitive cap rate of 9.00%, making it a strong cash-flowing asset
Leased on NNN basis with solid tenant in the Industrial Lab industry, representing a secure investment with low landlord responsibilities
Offers access to Chicago metropolitan market without the challenges associated with Illinois' high property taxes and regulatory environment
Located in the Chicago metro area, which is known for its large, diverse employment base and strong demand for industrial facilities

Public Transportation

Commuter RailDriveWalkDistance
Hammond Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 9 min - 4.2 mi
East Chicago Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 14 min - 7.9 mi
AirportDriveWalkDistance
Chicago Midway International 40 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Joseph DiSalvo 317-218-5334 Marcus & Millichap
Joseph DiSalvo 317-218-5334 Marcus & Millichap