Listed by Brokerworks Group
$550,000
6429 S Kennedy Avenue 31
Details
APN 450704455001000023
Property Type Mixed Use, Retail
Sub Type Auto Shop, Warehouse
Year Built 1952
Acreage 0.132
Mixed Use
Marketing description
Incredible investment opportunity in Hammond! This 6-unit mixed-use building is a turnkey income generator with solid cash flow and massive upside. Perfectly situated on a high-visibility corner lot at Kennedy and Cleveland, the property boasts flexible Commercial C4 zoning--ideal for nearly any business type. The building features 3 vibrant commercial/retail spaces on the main level (currently home to a busy beauty salon, Herbalife retail, and a retail store) and 3 residential units above (two spacious 2-bedroom apartments and one cozy studio apartment). Additional revenue is generated by an attached 3-car garage. Located just minutes from major transit routes, local parks, and the bustling Indianapolis Blvd retail corridor, this location ensures a steady stream of foot traffic and tenant demand. Current Monthly Income Breakdown: Event Space: TBD/mo Beauty Salon: 1,500/mo 2-Bed Apt (Leased): 950/mo Herbalife Retail (M2M): 900/mo 2-Bed Apt (Leased): 800/mo 3-Car Garage (M2M): 600/mo Studio Apt (Leased): 400/mo Total Gross Income: 78,600/year. Don't miss out on adding this versatile, high-yield asset to your portfolio! Subject to tenant rights.
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Listed by Brokerworks Group
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Zoning
C-4 CommercialGeneral CommercialGeneral Commercial
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View all 69 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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