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    800 Ridge Rd Gary, IN 46409

    For Sale
    $150,000

    High-traffic location, owner financing possible.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.24-acre commercial lot, located at 800 E Ridge Road in Gary, Indiana, presents a unique investment opportunity. Priced at $150,000, the property boasts a highly desirable location with easy access from two streets and proximity to an expressway, ensuring excellent visibility and convenient access for potential customers. The strategic placement within a mixed-use area, surrounded by both commercial and residential properties, guarantees a substantial pool of potential clientele. Currently vacant, the property offers immediate occupancy for a new owner, allowing for a seamless transition and swift commencement of operations. The building itself features a newer rubber roof, a significant advantage for long-term cost savings and maintenance. The presence of a nearby traffic light further enhances visibility, ensuring that passing traffic is consistently exposed to this prime commercial location. The seller is open to considering a land contract or owner financing arrangement with acceptable terms, making this an even more attractive proposition for prospective buyers. This property is ideal for a wide range of commercial ventures, capitalizing on its strategic location and high traffic flow. Don't miss this chance to secure a thriving commercial space in a dynamic Gary, Indiana neighborhood.

    Property Features for 800 Ridge Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1952
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    GILL Food Mart Convenience Store Royal Care Tire ... Tire Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.32653
    Latitude
    41.55107

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, owner financing possible.
    Where is this commercial real estate located?
    The property is located at 800 Ridge Rd Gary, IN.
    What is the asking price?
    The asking price for this property is $150,000.
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    800 Ridge Rd Gary, IN 46409
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    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
    800 Ridge Rd Gary, IN 46409
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