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Listing provided courtesy of Listing Leaders NorthwestNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 838209MLS Provider

7235 Calumet AvenueHammond, IN 46324

Commercial · 12,106 Sq. ft. | 0.29 Acres
$409,400 Active

7235 Calumet Avenue Overview

Time on Site:
57 days
Visits:
0

Great investment opportunity offered below market value! This established corner-lot commercial property is located in a high-traffic area along Calumet Avenue and offers over 12,000 square feet of versatile space. The building provides potential for up to 7 separate retail/commercial units, making it ideal for investors or owner-users seeking strong income potential once fully occupied. Additional value includes garage space accommodating 9+ vehicles, allowing for mixed-use possibilities, storage, or tenant amenities. Excellent visibility, flexible layout, and upside potential make this a solid value-add opportunity.

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7235 Calumet Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 12,106
  • Price/Sq.ft. $34
  • Lot 0.29 Acres

Details

General

School Information

  • School District: Hammond

Building Information

  • Year Built: 1946

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Wood Lawn Terrace
  • Township: North

Tax Information

  • Tax Annual Amount: 12048.62
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 450707351019000023
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: Third Party Approval

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Basement: false
  • Building Features: Freight Elevator(s),Mixed Use,Public Restrooms,Private Restrooms,Multi Tenant
  • Electric: 200+ Amp Service,Circuit Breakers
  • Heating: Forced Air,Natural Gas
  • Living Area: 12106

Exterior

Parking Information

  • Parking Features: Garage Door Opener,On Street,Garage Faces Rear,Paved
  • Parking Total: 7

Lot Information

  • Lot Size Acres: 0.287
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12502
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Sewer Connected,Natural Gas Connected,Natural Gas Available,Electricity Connected

7235 Calumet Avenue Neighborhood

Community

46324 (Hammond) Demographics

36
Median Age
4,906
Population Density (per sq. mile)
24%
College Educated
$49,420
Estimated Median Income
5,717
Estimated Total Home Owners
2,772
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7235 Calumet Avenue Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7235 Calumet Avenue Market Data

Based on the last 30 days in this zip code

$258,485
Average List Price
$160
Average Price per Square Foot
13
Properties Sold
61
Average Days on Market
35
Properties for Sale
Calculations provided by Reliance Network

7235 Calumet Avenue History

Date Event Value Agent
6/26/2026Source: Northwest Indiana MLS Price Reduction
$409,400 -0.7%
6/21/2026Source: Northwest Indiana MLS Price Reduction
$412,400 -1.2%
6/14/2026Source: Northwest Indiana MLS Price Reduction
$417,400 -1.2%
6/4/2026Source: Northwest Indiana MLS Price Reduction
$422,400 -1.2%
5/28/2026Source: Northwest Indiana MLS Price Reduction
$427,400 -0.9%
5/21/2026Source: Northwest Indiana MLS Price Reduction
$431,400 -1.8%
5/13/2026Source: Northwest Indiana MLS Price Reduction
$439,400 -2.2%
5/3/2026Source: Northwest Indiana MLS Added to Database
May 03, 2026