Gary, IN Flex space for sale

Updated: Jun 22

M1-Zoned Flex Industrial Building

8474 South Colorado Street, Merrillville, IN 46410

$4,000,000

37,000 sqft 1.82 AC lot

Vacant 37,000 SF M1‑zoned flex industrial building built in 1976
Situated on 1.82 acres in Merrillville’s established industrial corridor (Lake County)
M1 zoning supports light industrial uses such as warehousing, distribution, contractor operations, and light manufacturing
Building is available for an owner‑user/operator to take occupancy and configure the space
Building‑to‑land ratio leaves room to evaluate outdoor storage, yard space, or additional parking

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This listing looks promising.

Here's a quick look at some key insights for

8474 South Colorado Street, Merrillville, IN 46410

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Est. Cap Rate

6.5%
Above avg (5.9%)
Est. NOI

$261K
Annual
Price @ 7% Cap

$3.72M
Suggested

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Updated: Jun 26

Flex Office and Heated Garage

8213 Clay Street, Merrillville, IN 46410

$239,900

1,550 sqft 0.46 AC lot

Building 1: 800 SF commercial office converted in 2007; refreshed with new finishes in 2024
2024 upgrades include brand‑new luxury vinyl plank (LVP) flooring, upgraded kitchenette/break room, and modernized restroom
Office layout includes a large 11' x 15' executive office, an 11' x 10' private office, and an open‑concept central workspace
Backup power: whole‑property Generac generator system plus crawl space with two sump pumps
Building 2: 750 SF fully heated flex garage for storage, shipping, inventory, or fleet parking

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Flexible Warehouse and Flex Space

2535 Garfield Street, Gary, IN 46404

$650,000

9,360 sqft 1.13 AC lot

Versatile 9,360 SF building with an open, adaptable layout for office, retail, warehouse, or service operations.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Versatile Industrial/Flex Space Building

6547 Kennedy Avenue, Hammond, IN 46323

$625,000

10,370 sqft

10,370 SF industrial/flex space, minutes from the expressway.

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Industrial/Flex Space Building For Sale

6541 Kennedy Ave, Hammond, IN

$625,000

10,370 sqft 0.35 AC lot

10,370 SF industrial/flex space building, versatile C4 zoning.

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Office and Warehouse Flex Building

9404 Margo Lane, Munster, IN 46321

$3,200,000

2.33 AC lot

Turn-key office/warehouse property with executive offices, more than 50 workspaces, and additional garage storage.

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Indoor Business Park Flex Space

1650 W 45th Street, Munster, IN 46321

$2,450,000

Single-level flex setup with abundant parking and accessible rear entry for office and specialized retail use.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Orland Park Industrial Land Available

15459 S 70th Court, Orland Park, IL 60462

$449,900

1.10 AC lot

1.1 acre industrial land for sale in Orland Park.

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Orland Park Commercial Parcel

15459 S 70th Court, Orland Park, IL 60462

$449,900

1.10 AC lot

1.01-acre commercial parcel in Orland Park's Business District.

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Light Industrial Development Land

850 N, Ossian, IN 46777

$203,500

8.14 AC lot

8.14-acre light industrial site within Ossian city limits, with city utilities available and build-to-suit options.

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Industrial Redevelopment Land Site

1744 S County Road 1050 E, Indianapolis, IN 46231

$650,000

4.24 AC lot

Redevelopment land totaling 4.24 acres zoned for industrial use with utilities on or near the site and access potential.

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Off-Market Properties in Gary, IN

Consider similar Off-Market properties in Gary, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Distribution properties

3427 83Rd Pl, Merrillville, IN 46410

Value Estimation by Request

9,672 sqft

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Flex space

5210 81St Ave, Merrillville, IN 46410

Value Estimation by Request

11,704 sqft

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Gary, IN Flex Space Market Trends and Statistics

Explore 5 flex space for sale in Gary, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 47,910 square feet of properties for sale, with an estimated market value of $4,889,900.

Sale prices for business spaces in Gary, IN start at $239,900, averaging $1,629,966, and reaching up to $4,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
46406	$560K

Neighborhood

Average Price

46406

$560K