Retail Business for Sale in Hammond, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Hammond, IN 46324

Description

This BMO Harris Bank is offered as an absolute NNN lease with zero landlord responsibilities, backed by an investment-grade corporate guarantee. The lease includes annual rent increases of 1% plus a CPI adjustment and has 6 years remaining on the original 12-year term. BMO Harris has a long operating history at this location dating back to 1952, underscoring tenant commitment and stability. Ranked #3 in Indiana and in the top 17% nationally for branch visits, the property demonstrates exceptional performance and long-term viability. The site features strong real estate fundamentals with multiple drive-thru lanes, 32 surface parking spaces, and 237 feet of frontage along Calumet Avenue with 35,144 vehicles daily, as well as immediate access to I-94 with over 201,000 vehicles per day. Surrounded by dense demographics with more than 109,000 residents and 105,000 employees within a 3-mile radius, the property benefits from its prime Chicago MSA location near the Illinois–Indiana border. Investment Highlights: • Absolute Triple Net (NNN) Lease with a Corporate Guarantee • Annual Rent Increases of One Percent plus CPI Inflation Adjustment • Third Most Visited BMO Location in Indiana | Ranks in the Top 17 Percent Nationally (Placer.ai) • Six Years Remaining on the Original 12-Year Lease • Features Multiple Drive-Thru Lanes as well as Ample Parking | Excellent Visibility & Accessibility • Half a Mile from Interstate-94 Interchange which sees 201,157 Vehicles per Day • 110,052 People Live and 110,757 People Work within a Three-Mile Radius • Est. 7.28 Percent Cap Rate as of 10/1/2026

Market Context

This retail in Hammond, IN is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 46 days. Compare it against other retail listings for sale in Hammond, IN — <a href="/search/sale/retail/indiana/hammond">view the full market</a>.

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