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Listing provided courtesy of McColly Real EstateNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 840051MLS Provider

1403 Michigan StreetHammond, IN 46320

Commercial · 2,012 Sq. ft. | 0.22 Acres
$225,000 Active

1403 Michigan Street Overview

Time on Site:
26 days
Visits:
0

Your start up bar awaits you. A 2000 square feet commercial building with parking that features many of the commercial appliances you may need to get your business set up. Conveniently located on the corner of Michigan St and Tell Ave, this lot features additional storage in the back. Don't miss your opportunity to make this one your own.

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1403 Michigan Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,012
  • Price/Sq.ft. $112
  • Lot 0.22 Acres

Details

General

Building Information

  • Year Built: 1950

Location/Region

  • County Or Parish: Lake
  • Subdivision Name: Michigan Ave Add
  • Township: North

Tax Information

  • Tax Annual Amount: 5594
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 450331407028000023
  • Property Sub Type: Business
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Basement: false
  • Building Features: Business District Location
  • Electric: 100 Amp Service
  • Heating: Forced Air
  • Interior Features: Ceiling Fan(s),Wet Bar,Open Floorplan
  • Living Area: 2012
  • Security Features: Fire Alarm,Security Lights,Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Off Street,Paved,Asphalt,Alley Access,Additional Parking
  • Parking Total: 10

Lot Information

  • Lot Features: Corner Lot,Paved
  • Lot Size Acres: 0.215
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 9365
  • Water Source: Public

Waterfront/View

  • View: None
  • Waterfront: false

General Information

  • Sewer: Public Sewer
  • Utilities: Cable Available,Water Connected,Sewer Connected,Electricity Connected

1403 Michigan Street Neighborhood

Community

46320 (Hammond) Demographics

34
Median Age
1,555
Population Density (per sq. mile)
17%
College Educated
$30,786
Estimated Median Income
2,153
Estimated Total Home Owners
2,959
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1403 Michigan Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1403 Michigan Street Market Data

Based on the last 30 days in this zip code

$221,996
Average List Price
$135
Average Price per Square Foot
5
Properties Sold
94
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

1403 Michigan Street History

Date Event Value Agent
6/26/2026Source: Northwest Indiana MLS Price Reduction
$225,000 -5.9%
6/3/2026Source: Northwest Indiana MLS Added to Database
June 03, 2026