532-34 Conkey ST, Hammond, IN 46324
532-34 Conkey ST, Hammond, IN 46324
532-34 Conkey ST, Hammond, IN 46324
40
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$489,999
Est. payment /mo
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6,000 SqFt
Pending

532-34 Conkey ST Hammond, IN 46324

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $81

MLS Listing ID 836484

HOA Y/N No

Year Built 1955

Annual Tax Amount $4,125

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

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

Fireplace N

Exterior

Exterior Feature Balcony, Storage, Private Yard

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

View Y/N true

Building

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

Sewer Public Sewer

Water Public

Schools

School District Hammond

Others

Tax ID 450601410002000023

Security Features Security System

Acceptable Financing NRA20260402202353241553000000

Listing Terms NRA20260402202353241553000000

Listed by Listing Leaders Northwest • Anil Bhalla

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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532-34 Conkey ST