3704 Sheffield Ave - Retail FOR SALE


Hammond, IN 46327
$1,000,000 USD
312-840-9002
3704 Sheffield Ave, Hammond, IN for Sale
$1,000,000 USD
Retail - FOR SALE
1/11
null | 13.19% Cap Rate

3704 Sheffield Ave
Hammond, IN 46327


OVERVIEW

Jameson Commercial, in cooperation with Key Realty, is pleased to present the opportunity to acquire a Family Dollar anchored small retail shopping center in Hammond Indiana. This investment is secured by a triple net lease and a corporate guarantee from Family Dollar for approximately 50% of the building with the remaining space available for a new tenant or owner/user to occupy. The vacant space is approximately 9,000 SF with mezzanine space. The Family Dollar lease has been in place at the property since 2002 with the tenant having excessed multiple extension options. Several options to extend with escalated rents remain in the lease. The property is ideally located in a highly accessible and densely populated area. The site is situated approximately 1.2 miles from the Hammond Station for the South Shore line and 2.3 miles from Hegewisch Station. Chicago’s Midway Airport is a 35 min drive.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

13.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

45-02-24-401-001.000-023

ASK ABOUT THIS PROPERTY

Steven GoldsteinJameson CommercialMore Info
312-840-9002

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Steven GoldsteinJameson CommercialMore Info
312-840-9002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.