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    4105 Broadway Gary, IN 46409

    For Sale
    $60,000

    Two Buildings, Endless Potential, $60,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity in Gary, Indiana, presents two separate buildings on a 0.07-acre lot at 4105 Broadway. Building #1, formerly a restaurant, offers a prime space for an entrepreneur or investor. Included in the sale is existing industrial equipment, perfect for a variety of businesses. A full, unfinished walkout basement provides significant expansion potential. Building #2 is a two-bedroom, one-bathroom residential unit, ideal for owner-occupancy or generating rental income. This building also features a walkout basement, offering further expansion or rental income possibilities. The combined properties offer a unique chance to live in one unit while operating a business in the other, creating a lucrative dual-income stream. Both buildings are sold as-is. This is a rare chance to acquire two properties at a single, attractive price point. The location at 4105 Broadway provides convenient access to Gary's amenities and transportation networks. Don't miss this chance to capitalize on this versatile investment opportunity. Serious inquiries are encouraged to explore the full potential of this property.

    Property Features for 4105 Broadway

    General Information

    Property type
    Mixed-use properties
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1918
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.33596
    Latitude
    41.54382

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    FAQs

    What type of property is this?
    Mixed-use property - Two Buildings, Endless Potential, $60,000
    Where is this mixed-use property located?
    The property is located at 4105 Broadway Gary, IN.
    What is the asking price?
    The asking price for this property is $60,000.
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    4105 Broadway Gary, IN 46409
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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
    4105 Broadway Gary, IN 46409
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