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Mark Keene

mhkeene60@gmail.com +1(219) 292-3704

Est. payment | -/mo

6,000 SqFt

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Est. payment | -/mo

Save

6,000 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 6,000 sqft

MLS Listing ID 836484

Year Built 1955

Annual Tax Amount $4,125

Tax Year 2025

Lot Size 6,534 Sqft

Property Sub-Type Mixed Use

Property Description

Value add mixed use investment opportunity with massive upside potential in EXCELLENT condition! Currently generating 1,650/month from only two residential studio units (750 and 900 each), this property offers the ability to increase income to over 5,500/month through lease-up, unit expansion, and rent stabilization. The property features six total units retail, office, and residential including a 3,000 SF commercial space and a 1,950 SF commercial/office unit, both vacant and capable of commanding 1,200-1,600/month each. Two additional vacant office spaces can rent for 500-650/month each, or could be converted into larger residential units commanding 1250-1,500/month each. Off-street parking, additional rear lot space/storage, and on site laundry make this property highly appealing to tenants. Ideal for investors seeking to build equity, increase cash flow, and reposition an underperforming asset in a strong rental market.

Location

State IN

County Lake

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Exterior

Exterior Feature Balcony, Storage, Private Yard

Parking Features Off Street, On Street, Alley Access, Additional Parking, Other

Utilities Available Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected

Roof Type Other

Building

Lot Description Back Yard, Rectangular Lot, Near Public Transit, Paved, Corner Lot

Structure Type Stone

Schools

School District Hammond

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Listing Leaders Northwest

Nearby Locations

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Mark Keene

Managing Broker License ID: RB18001895

mhkeene60@gmail.com

+1(219) 292-3704

3709 Broadway #2, Gary, IN 46409

532-34 Conkey Street Hammond, IN 46324

Mark Keene

Key Details

Location

Interior

Exterior

Building

Schools

Others

532-34 Conkey Street

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