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$1,100,000 Just Listed
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Property Description
Prime Hammond Commercial & Investment Opportunity! Nearly 3 acres on a highly visible corner location with significant traffic exposure, offering a unique combination of commercial, storage unit, and residential income potential. The property features a recently remodeled office building with three separate office spaces, multiple storage units that are currently leased, and additional space suitable for a mechanic, contractor, or shop operation. Two separate residential units are also currently leased, providing additional rental income. With multiple existing income streams, flexible commercial use potential, and a prominent location in Hammond, this property offers an exceptional opportunity for an investor or owner-user looking to acquire a versatile income-producing property with substantial land.
Full Property Details
Full Property Details for 1137 167th St
General
- Price: $1,100,000
- Taxes: $13,444 (2024)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 847527
- Updated: 10/29/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Entrance Foyer
- Appliances: Dryer, Water Heater, Washer, Microwave, Electric Range, Dishwasher, Disposal
Exterior
- Exterior Features: Lighting, Storage, Rain Gutters, Private Yard
Parking
- Parking Features: Detached, Oversized, Gravel, Driveway, Asphalt, Alley Access, Additional Parking, Garage Door Opener
Location
- County: Lake
- Township: North
- Subdivision: Ridge Road Add
- Driving Directions: Calumet Ave to 167th. East on 167th. Property is on the Northwest Corner of Columbia Ave and 167th.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 14,195
- Year Built: 1929
Lot Features
- Lot Size (Acres): 2.38
- Lot Size (Sq. Ft.): 103,672.8
- Lot Features: Back Yard, Sprinklers In Front, Near Public Transit, Landscaped, Few Trees, Corner Lot
Financial Considerations
- Tax Amount: $13,444
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: RESUB. OF LOT 1 & E. 61.08 FT. L.2 RIDGE ROAD ADD. L.H RIDGE ROAD ADD. W. 50 FT. L.2 RIDGE ROAD ADDITION E.50FT OF W.100FT LOT 2 & PT W1/2 VAC. ST. ADJ.
- Property ID: 450707130020000023
Listed by McColly Real Estate
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Schools
Schools serving 1137 167th St
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Thomas Jefferson Elementary School, Hammond, IN 6940 Northcote Avenue, Hammond, IN 46324 | PK-5 | 0.7 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 3.2 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1137 167th St
Date
Details
Price
Change
Source
10/29/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1137 167th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,042
—
$167,200
8%
2024
$7,042
-6%
$154,500
-2%
2023
$7,499
16%
$156,900
-10%
2022
$6,447
8%
$175,200
50%
2020
$5,991
11%
$116,700
1%
2019
$5,395
—
$116,000
6%
2019
$5,395
7%
$109,800
—
2018
$5,062
-6%
$109,800
3%
2017
$5,412
—
$106,500
-30%
2017
$5,412
16%
$152,900
-3%
2016
$4,668
-24%
$157,700
113%
2015
$6,126
73%
$74,000
—
2013
$3,548
—
$74,100
-1%
2012
$3,555
—
$74,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1137 167th St
1137 167th Street, Hammond, IN 46324 (MLS# 847527) is a Business property. 1137 167th Street is currently listed for $1,100,000 and was received on October 29, 2026. Want to learn more about 1137 167th Street? Do you have questions about finding other Business real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.

