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    5440 Ridge Rd Gary, IN 46408

    For Sale
    $350,000

    Versatile Machine Shop, High Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 0.9-acre industrial property at 5440 W Ridge Road in Gary, Indiana, presents a unique investment opportunity. Currently configured as a machine shop, the building offers significant versatility due to its location on heavily traveled Ridge Road, providing excellent visibility and accessibility. The structure is divided into three distinct sections, each offering ample space for various industrial or commercial uses. Two large access doors facilitate easy loading and unloading of materials and equipment. The property boasts two 200-amp electrical services, ensuring sufficient power for demanding operations. Two overhead cranes, one with a 5-ton capacity and the other with a 20-ton capacity, are included, representing significant value for any business requiring heavy lifting capabilities. Office space is conveniently located on both the main and second levels, providing ample room for administrative functions. The main level also includes a half-bath and a sink room, while a full bath is situated upstairs. The property's potential extends beyond its current configuration

    Property Features for 5440 Ridge Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hydraulic Solutions LLC Hydraulic Repair Service

    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
    -87.40453
    Latitude
    41.54922

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Machine Shop, High Traffic Location
    Where is this commercial real estate located?
    The property is located at 5440 Ridge Rd Gary, IN.
    What is the asking price?
    The asking price for this property is $350,000.
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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
    5440 Ridge Rd Gary, IN 46408
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