Date
Details
Price
Change
Source
1/27/2026
Listed
$479,400
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$479,400 Just Listed
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Property Description
Great investment opportunity offered below market value! This established corner-lot commercial property is located in a high-traffic area along Calumet Avenue and offers over 12,000 square feet of versatile space. The building provides potential for up to 7 separate retail/commercial units, making it ideal for investors or owner-users seeking strong income potential once fully occupied. Additional value includes garage space accommodating 9+ vehicles, allowing for mixed-use possibilities, storage, or tenant amenities. Excellent visibility, flexible layout, and upside potential make this a solid value-add opportunity.
Full Property Details
Full Property Details for 7235 Calumet Ave
General
- Price: $479,400
- Taxes: $12,048 (2025)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 833286
- Updated: Today (1/27/2026)
- Added to Site: Today
Parking
- Parking Features: Garage Door Opener, On Street, Garage Faces Rear, Paved
Location
- County: Lake
- Township: North
- Subdivision: Wood Lawn Terrace
- Driving Directions: From 80/94 take Calumet Ave North. Property is on the East side of Calumet across from Walgreens.
School Information
- High School District: Hammond
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 12,106
- Year Built: 1946
Lot Features
- Lot Size (Acres): 0.287
- Lot Size (Sq. Ft.): 12,502
Financial Considerations
- Tax Amount: $12,048.62
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: WOODLAWN TERRACE ALL LOTS 7, 8, 9 & 10 BL.1
- Property ID: 450707351019000023
Listed by Listing Leaders Northwest
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— 7235 Calumet Ave —
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NMLS#: 1598647
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Schools
Schools serving 7235 Calumet Ave
School District:Hammond School City
| Name | Grades | Distance |
|---|---|---|
Thomas A Edison Elementary School 7025 Madison Avenue, Hammond, IN 46324 | PK-5 | 0.3 mi |
Charles N Scott Middle School 3635 173rd Street, Hammond, IN 46323 | 6-8 | 3.5 mi |
Morton Senior High School 6915 Grand Avenue, Hammond, IN 46323 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7235 Calumet Ave
Tax History
Tax History for 7235 Calumet Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$26,829
-14%
$657,700
—
2023
$31,364
30%
$656,200
—
2022
$24,147
96%
$656,200
144%
2020
$12,349
24%
$269,300
16%
2019
$9,985
—
$231,700
-3%
2019
$9,985
—
$239,100
6%
2018
$9,998
-5%
$225,600
3%
2017
$10,500
—
$219,100
9%
2017
$10,500
21%
$200,900
—
2016
$8,693
11%
$200,900
2%
2015
$7,805
-17%
$196,600
1%
2013
$9,352
1%
$195,300
—
2012
$9,231
—
$194,500
—
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 7235 Calumet Ave
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,726Sq. Ft.
Listed by McColly Real Estate
- Townhouse
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,288Sq. Ft.
Listed by McColly Real Estate
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 2,484Sq. Ft.
Listed by Advanced Real Estate, LLC
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- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 1Total Bath
- 1,872Sq. Ft.
- Single Family
- Active
- Updated 7 hours ago
- 4Beds
- 3Total Baths
- 2,565Sq. Ft.
Listed by McColly Real Estate
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,225Sq. Ft.
Listed by Cookie Zeleznik (708) 334-4157
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- Multi-Family
- Closed
- 5Total Beds
Listed by Ellsbury Commercial Group LLC
Sold by Non Member
Sold by Non Member
- Multi-Family
- Closed
- 3Total Beds
Listed by Listing Leaders Stately, LLC
Sold by @properties/Christie's Intl RE
Sold by @properties/Christie's Intl RE
- Single Family
- Closed
- 4Beds
- 2Total Baths
- 3,146Sq. Ft.
Listed by @properties/Christie's Intl RE
Sold by Real Broker, LLC
Sold by Real Broker, LLC
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 4,156Sq. Ft.
Listed by Springer Real Estate Company
Sold by Realty Executives Premier
Sold by Realty Executives Premier
7235 Calumet Avenue, Hammond, IN 46324 (MLS# 833286) is a Commercial property. 7235 Calumet Avenue is currently listed for $479,400 and was received on January 27, 2026. Want to learn more about 7235 Calumet Avenue? Do you have questions about finding other Commercial real estate for sale in Hammond? You can browse all Hammond real estate or contact a Coldwell Banker agent to request more information.