40
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$489,999
Est. payment /mo
6,000 SqFt
Pending
532-34 Conkey ST Hammond, IN 46324
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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
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
View Y/N true
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Building
Lot Description Back Yard, Rectangular Lot, Near Public Transit, Paved, Corner Lot
Schools
School District Hammond
Others
Tax ID 450601410002000023
Acceptable Financing NRA20260402202353241553000000
Listing Terms NRA20260402202353241553000000
Listed by Listing Leaders Northwest • Anil Bhalla
NEARBY SCHOOL & BUSINESS
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