Hammond, Indiana, is a prime location for investing in industrial properties, offering a unique blend of accessibility, infrastructure, and economic diversity. With its rich history of industrialization and its current status as a major transportation hub, Hammond presents an attractive opportunity for businesses looking to establish or expand their operations. Industrial properties in Hammond can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. The city's proximity to Lake Michigan, the Indiana Toll Road, and the Borman Expressway makes it an ideal location for companies that rely on transportation and logistics. Additionally, Hammond is home to several major employers, including Unilever, Atlas Tube, and FedEx, which contribute to the city's economic stability. The city's amenities, such as the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino, also make it an attractive location for businesses and employees alike. With its strong educational institutions, including Calumet College of St. Joseph and Purdue University Northwest, Hammond provides a skilled workforce, making it an excellent choice for businesses looking to invest in the region.
Currently, there are 9 industrial properties for sale in Hammond, offering a range of options for businesses and investors. The average price per square foot for these properties is $94 USD, with an average size of 9,713 square feet. The largest property available is 18,749 square feet. In addition to industrial properties, Hammond also offers a range of other property types, including warehouses, land, apartment buildings, and commercial real estate. Warehouses in Hammond offer easy access to transportation hubs and are ideal for companies that require storage and distribution facilities. Land for sale in Hammond provides opportunities for development and expansion, while apartment buildings offer a chance to invest in the city's residential market. Commercial real estate in Hammond includes office buildings, retail spaces, and restaurants, catering to the city's diverse economy. Overall, Hammond's unique blend of industrial heritage, economic diversity, and accessibility makes it an attractive location for businesses and investors looking to establish or expand their operations in the region.
What is the average price per square foot for industrial properties in Hammond?
The average price per square foot for industrial properties in Hammond is $94 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Hammond, Indiana, as they directly impact the ease of doing business, logistics, and supply chain management.
- Proximity to major transportation hubs, such as the South Shore Line station and the Hammond-Whiting Amtrak station, increases property values due to the convenience of transporting goods and employees.
- Easy access to highways, including I-90 and I-80/94, enables efficient transportation of goods, reducing logistics costs and increasing property values.
- The presence of nearby amenities, such as the Horseshoe Hammond riverboat casino and parkland around Wolf Lake, can also contribute to higher property values by attracting a skilled workforce and providing a desirable quality of life.
