5550 Sohl Ave | Hammond, IN 46320
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5550 Sohl Ave
Hammond, IN 46320
Sohl Plaza · Retail Property For Sale
Investment Highlights
- 100% Leased shopping center anchored by Family Dollar.
- Long term operating history from the Grocer.
- Priced well below replacement value.
- Value-add opportunity with below market rents.
- Prime location in Hammond, IN, providing high traffic and visibility.
Executive Summary
Sohl Plaza presents an outstanding investment opportunity in Hammond, IN. This fully leased retail plaza spans 43,520 SF and features a diversified tenant mix of Family Dollar, Zara Wholesale, and First Choice Market, ensuring a steady and reliable income stream. The subject property offers a value-add opportunity with under-market rents. Long term operating history from the Grocer.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
43,520 SF
Building Class
B
Year Built/Renovated
1963/1985
Price
$2,200,000
Price Per SF
$51
Cap Rate
10.49%
NOI
$230,841
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
4.14 AC
Parking
100 Spaces (2.3 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 45-02-36-454-002.000-023 | Improvements Assessment | $1,066,600 |
| Land Assessment | $165,600 | Total Assessment | $1,232,200 |
PROPERTY TAXES
Parcel Number
45-02-36-454-002.000-023
Land Assessment
$165,600
Improvements Assessment
$1,066,600
Total Assessment
$1,232,200
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