7340 Calumet Avenue, Hammond, IN 46324 | MLS #829455 | Berkshire Hathaway HomeServices Chicago
 
Listing provided courtesy of McColly Real EstateNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 829455MLS Provider

7340 Calumet AvenueHammond, IN 46324

Commercial · 870 Sq. ft. | 0.14 Acres
$310,000 Active

7340 Calumet Avenue Overview

Time on Site:
256 days
Visits:
0

Unlock the door to entrepreneurship with this exceptional 870 sq. ft. commercial property in the heart of Hammond, Indiana. Just 2 1/2 blocks North of I_80/94 this efficient gem at 7340 Calumet Ave is poised to become the canvas for your business vision while maintaining low overhead. The versatile layout offers boundless possibilities, currently a fully operational used car dealership. Adaptable for any number of retail or office uses. Where potential for every square foot speaks to opportunity. Recent improvements include Modern LED Lot Lighting, Lighted Monument Sign and Lighted Building Signage, HVAC in the last two years, and redecorated interiors for comfortable customer areas. The space works well as an automotive related location but could be molded to your unique business needs. Imagine display areas, workspaces, or a customer lounge - the choice is yours. Outside, a spacious parking lot welcomes your patrons, offering convenience in today's fast-paced world. The property's exterior, with its charming brick facade, offers a timeless appeal that will make your business stand out and offers an inviting atmosphere for all who visit. Location is key, and this property delivers. Situated on bustling Calumet Avenue, you'll benefit from high visibility and easy accessibility with a traffic count of more than 32,000 vehicles daily. The diverse neighborhood promises a steady stream of potential customers. Don't just start a business - create a legacy. This property isn't just a space; it's the launchpad for your entrepreneurial journey. With its prime location, versatile layout, and great potential, 7340 Calumet Ave is more than a property - it's your pathway to success. Seize this opportunity to turn your business dreams into reality in the heart of Hammond.

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7340 Calumet Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 870
  • Price/Sq.ft. $356
  • Lot 0.14 Acres

Details

General

Building Information

  • Year Built: 1987

Location/Region

  • County Or Parish: Lake
  • Township: North

Tax Information

  • Tax Annual Amount: 7264.82
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 450613229023000023
  • Property Sub Type: Retail
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Basement: false
  • Building Features: Business District Location,Sheet Rock Ceiling(s),Exterior Lighting
  • Electric: 200+ Amp Service
  • Heating: Central,Forced Air,Natural Gas
  • Living Area: 870
  • Security Features: Security System,Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Concrete,Off Street
  • Parking Total: 20

Lot Information

  • Additional Parcels: false
  • Lot Features: Near Public Transit,Rectangular Lot
  • Lot Size Acres: 0.14
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6098.4
  • Water Source: Public

Waterfront/View

  • View: City,Neighborhood
  • Waterfront: false

General Information

  • Exterior Features: Lighting
  • Sewer: Public Sewer
  • Utilities: Cable Connected,Sewer Connected,Water Connected,Natural Gas Connected,Electricity Connected

7340 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.

7340 Calumet Avenue Monthly Cost

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* 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.

7340 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

7340 Calumet Avenue History

Date Event Value Agent
10/17/2025Source: Northwest Indiana MLS Added to Database
October 17, 2025
6/20/2022Source: MRED Added to Database
January 27, 2022