Hammond, LA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hammond, Louisiana Market population: 80K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Hammond IN Properties: 19.0000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Hammond IN
Common questions from investors exploring commercial real estate in Hammond IN.
What is the overall investment potential of Hammond, IN, considering its demographic and economic factors?
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The city's median household income of $38,365, combined with a poverty rate of 22.0% and a health insurance coverage of 85.9%, suggests a relatively stable market with a mix of working-class and middle-class residents. The top industries, including Wholesale Trade, Public Administration, and Construction, contribute to the local economy, while the median property value of $92,400 and median property taxes of $17,534 indicate a relatively affordable housing market. Additionally, the city's ethnic diversity, with a mix of White, Hispanic, and White Non-Hispanic populations, can contribute to a vibrant and dynamic community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential renters in Hammond, IN?
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The average commute time of 27.0 minutes in Hammond, IN, is relatively moderate, and the top commute methods, including driving alone, carpooling, and working from home, suggest a flexible and adaptable transportation infrastructure. This, combined with the city's health insurance coverage of 85.9% and a poverty rate of 22.0%, indicates a relatively stable and secure environment for residents and potential renters. The employed population of 32,446 and the top industries also contribute to a strong local economy, making Hammond an attractive location for investors.
What are the implications of the city's poverty rate and health insurance coverage for real estate investors, and how do these factors impact the local rental market?
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The poverty rate of 22.0% in Hammond, IN, combined with a health insurance coverage of 85.9%, suggests a working-class market with some employment stability. The median household income of $38,365 and the median property value of $92,400 also indicate a relatively affordable housing market, which can contribute to a strong demand for rental properties. Additionally, the city's ethnic diversity and the top industries, including Wholesale Trade and Public Administration, can attract a diverse range of residents and contribute to a vibrant local economy.
How does the city's ethnic diversity and industry mix impact the demand for housing and real estate investment opportunities in Hammond, IN?
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The ethnic diversity in Hammond, IN, with a mix of White, Hispanic, and White Non-Hispanic populations, can contribute to a vibrant and dynamic community, attracting a range of residents and businesses. The top industries, including Wholesale Trade, Public Administration, and Construction, also create a strong local economy, with a median household income of $38,365 and an employed population of 32,446. This diversity and economic activity can drive demand for housing, making Hammond an attractive location for real estate investors, particularly those interested in rental properties or redevelopment opportunities.
What are the key factors that investors should consider when evaluating the potential for long-term appreciation and rental yields in Hammond, IN's real estate market?
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Investors should consider the city's median property value of $92,400, median property taxes of $17,534, and homeownership rate of 61.3% when evaluating the potential for long-term appreciation and rental yields. The poverty rate of 22.0% and health insurance coverage of 85.9% also suggest a relatively stable market, while the top industries and ethnic diversity contribute to a strong local economy. Additionally, the average commute time of 27.0 minutes and the top commute methods indicate a relatively convenient and accessible location, making Hammond an attractive option for investors seeking a balance of affordability and potential for long-term growth.
Hammond IN Real Estate & City Facts
Key facts and real estate information about Hammond IN.
What is the average commute time in Hammond, IN?
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The average commute time in Hammond, IN is 27.0 minutes.
What are the top industries in Hammond, IN?
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The top industries in Hammond, IN include Wholesale Trade, Public Administration, and Construction.
What is the median property value in Hammond, IN?
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The median property value in Hammond, IN is $92,400.
What is the poverty rate in Hammond, IN?
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The poverty rate in Hammond, IN is 22.0%.
What is the health insurance coverage in Hammond, IN?
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The health insurance coverage in Hammond, IN is 85.9%.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Hammond IN Commercial Property: $38,365
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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