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    5011 E Dunes Hwy Gary, IN 46403

    For Sale
    $249,000

    Business - Gary, IN

    Type:Business
    Property size:
    3,740 SF
    Lot size:
    0.39 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 5011 E Dunes Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    450906352008000004
    Exterior features
    Lighting
    Size
    3,740 SF
    Lot size
    0.39 Acres

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1956
    Architectural style
    Other

    Listing Leaders (219) 299-7117 [email protected]

    Listing agent Katherine Stirling (219) 462-5478 License #RB19001959

    Listing date Sep 16, 2025

    MLS# 826733 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in High-Traffic Mall

    This retail or office space is centrally located off Route 20/East Dunes Highway in a high-traffic strip mall. The property, with a size of 3740 square feet and a lot size of 0.39 acres, is currently occupied by Miller Discount Appliances and rented on a month-to-month basis for $2000 monthly. The seller does not pay any utilities on behalf of the tenant. The property offers ample space for a retail or office venture or can be rented for commercial rental income. Located in the Miller neighborhood of Gary, it offers close proximity to the shores of Lake Michigan and the South Shore train station. This location is expected to see high traffic for decades to come.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.277085
    Latitude
    41.596306

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    FAQs

    What type of property is this?
    Strip mall - Retail or office space in a high-traffic Gary strip mall.
    Where is this strip mall located?
    The property is located at 5011 E Dunes Hwy Gary, IN.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - High-traffic location on Route 20/East Dunes Highway in a busy strip mall.; - Currently generating $2,000 monthly rental income on a month-to-month lease.; - Versatile space suitable for retail, office, or continued commercial rental.
    (219) 462-5478
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    5011 E Dunes Hwy Gary, IN 46403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5011 E Dunes Hwy Gary, IN 46403
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