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    1601 W 25Th Ave Gary, IN 46404

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    For Sale
    $3,670,000

    Walgreens investment property with robust sales and high visibility.

    Property size:
    14,820 SF
    Lot size:
    2.31 Acres

    Property Features for 1601 W 25Th Ave

    General Information

    Size
    14,820 SF
    Lot size
    2.31 Acres

    Source: CBRE - El Segundo Agent Tony Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walgreens Corporate Guaranteed Investment

    This property is leased to and corporately guaranteed by Walgreens Boots Alliance, the second-largest pharmacy retail chain in the United States. Walgreens specializes in filling prescriptions, health and wellness products, health information, and photo services. The company operates over 9,000 locations and has annual revenue exceeding $139 billion. The property is positioned next to a point of entry along Interstate-94, a vital transportation link connecting Chicago with nearby states and metros such as Milwaukee, Detroit, and Minneapolis. Interstate-94 sees daily traffic counts of 178,595 vehicles per day in this area. The property's sales performance consistently surpasses the national average for Walgreens. The Gary/Chicago International Airport is a 15-minute drive from the property. The airport is a joint civil-military public airport capable of serving general aviation, corporate, commercial, and cargo users. Located 25 miles from downtown Chicago, it is considered the third airport of the Chicago MSA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.356838
    Latitude
    41.572669

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    FAQs

    What type of property is this?
    Drug store - Walgreens investment property with robust sales and high visibility.
    Where is this drug store located?
    The property is located at 1601 W 25Th Ave Gary, IN.
    What is the asking price?
    The asking price for this property is $3,670,000.
    What are key features of this property?
    This property features: - Corporate guarantee from Walgreens Boots Alliance, a top 10 US retailer with $139B+ annual revenue.; - Robust sales performance consistently above the national average for Walgreens.; - Located next to Interstate-94, with high traffic counts of 178,595 vehicles per day.
    (310) 303-9870
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    1601 W 25Th Ave Gary, IN 46404
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    Gary, IN 46404
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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
    1601 W 25Th Ave Gary, IN 46404
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