±8,000 SF Freestanding Building in Kennedy Business Park

7925 Nevada Ave Hammond, IN 46323

7925 Nevada Ave, Hammond, IN, 46323
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FOR SALE FOR LEASE
Property Type:
Free Standing Building
Amount:
$499,000
Last Verified:
Dec 19, 2024

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Highlights


Description

SVN Chicago Commercial is pleased to present 7925 Nevada Avenue, an approximately ±8,000 SF Free-standing Building in Hammond, Indiana. Formerly known as Doll's Bar, in the Kennedy Business Park. This is a perfect owner/user redevelopment opportunity. Multiple offices, restrooms, storage, bar, lounge areas, breakroom, front and rear parking. Minutes to I-80. Lake County Economic Incentives (Revolving Loan Fund) and Hammond Incentives (Business Facade Rebate).

SVN Chicago Commercial is pleased to present 7925 Nevada Avenue, an approximately ±8,000 SF Free-standing Building in Hammond, Indiana. Formerly known as Doll's Bar, in the Kennedy Business Park. This is a perfect owner/user redevelopment opportunity. Multiple offices, restrooms, storage, bar, lounge areas, breakroom, front and rear parking. Minutes to I-80. Lake County Economic Incentives (Revolving Loan Fund) and Hammond Incentives (Business Facade Rebate).

Hammond, Indiana is a city in Lake County, Indiana. It is part of the Chicago metropolitan area and the only city in Indiana to border Chicago. Hammond is approximately 23 miles south of Chicago with easy access to I-90, I-94, and I-80.


Year Built: 1978
Building Size: 8000sq ft
Lot Size: 0.83 acres


Documents

Marketing Brochure August 2024

Units for Lease

7925 Nevada
Space Available: 8000 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $5500.00

Map of 7925 Nevada Ave, Hammond, IN, 46323

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.