Hammond, Indiana, offers a unique opportunity for investors to capitalize on the city's rich industrial history and strategic location along Lake Michigan. With 4 warehouses for sale, Hammond presents a diverse range of investment options, from light manufacturing and transportation to retail and hospitality. Warehouses in Hammond can serve as a hub for various industries, providing ample space for storage, production, and distribution. The city's proximity to Chicago and its position within the Chicago metropolitan area make it an attractive location for businesses seeking to establish a presence in the region. Hammond's infrastructure, including the South Shore Line commuter rail and the Borman Expressway, facilitates easy transportation and access to major markets. Additionally, the city's amenities, such as the parkland around Wolf Lake and the Horseshoe Hammond riverboat casino, contribute to its appeal as a place to live and work.
Hammond's warehouses for sale offer a range of characteristics, including average prices per square foot of $64 USD and average sizes of 13,651 square feet, with the largest available space being 18,749 square feet. The city's average cap rate of 4.82% makes it an attractive option for investors seeking to balance risk and return. In addition to warehouses, Hammond offers a range of other property types, including industrial properties, which can serve as a hub for manufacturing and production; land, which can be developed for various purposes; residential income homes, which can provide a steady stream of rental income; and commercial real estate, which can accommodate a range of businesses, from retail to office space. With its diverse economy, rich history, and strategic location, Hammond, Indiana, presents a compelling opportunity for investors to establish a presence in the region.
What are the key features investors look for in warehouses in Hammond?
When searching for warehouses in Hammond, investors typically look for key features that ensure a strong return on investment, including:
- Proximity to major transportation hubs, such as the South Shore Line station and the Hammond-Whiting Amtrak station, to facilitate easy shipping and receiving of goods.
- Access to major highways, including the I-90 Indiana Toll Road and the I-80/94 Borman Expressway, to enable efficient transportation of products.
- Availability of utilities, such as electricity and natural gas, provided by NIPSCO, and water services from the Hammond Water Department, to support warehouse operations.
What size warehouses are available to buy in Hammond?
Warehouse sizes available for purchase in Hammond range from approximately 13,651 square feet to 18,749 square feet, offering a variety of options for businesses and investors looking to acquire industrial space in the area.
How much does it cost to buy a warehouse in Hammond?
The cost to buy a warehouse in Hammond can vary, with an average price per square foot of $64 USD and an average size of 13,651 square feet, and with the largest warehouse available being 18,749 square feet, and an average cap rate of 4.82%, with a total of 4 warehouse listings available for sale.
