Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space with Recent Renovations Title is generated by Realmo AI

    2100 E 15th Ave, Gary, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    77,841 SF industrial space available for lease in Gary, IN.

    Type:INDUSTRIAL
    Property size:
    77,841 SF
    Lot size:
    5.08 Acres
    Added:
    Apr 23, 2025
    Days on Market:
    410
    Last Refresh:
    May 19 at 10:54 pm

    Property Features for 2100 E 15th Ave

    General Information

    Standard status
    Active
    Size
    77,841 SF
    Lot size
    5.08 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 2100 E 15th Ave Contact us

    We can help!

    Listing Contact
    Ryan O’Leary

    Listing agent Ryan O’Leary

    Listing office KBC Advisors | Chicago

    Listing date Apr 23, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of KBC Advisors | Chicago

    HighLights

    • ±77,841 SF available, divisible to 38,920 SF
    • Features dock and drive‑in doors
    • Ample secured parking area
    • New improvements include LED lighting, new roof, recently renovated offices
    • ±5,000 SF office area
    • 18' clear height

    Overview

    This industrial property offers approximately 77,841 square feet of available space, divisible to 38,920 square feet. The property includes approximately 5,000 square feet of office area. It features both dock and drive-in doors, along with an 18-foot clear height. The site provides an ample secured parking area. Recent improvements to the property include LED lighting, a new roof, and recently renovated offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Indiana Sugar Warehouse & Storage OnTrac Courier Service Amazon Distrubtion DIN2 Corporate Office Amazon Logistics DIN2 Corporate Office

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3112
    Latitude
    41.5882

    Nearby Similar for Lease

    • $9,200/Mo
      9,180 SF

      Versatile Commercial Space in Gary

      9,200 SF commercial space suitable for various business uses.
      2535 Garfield, Gary, IN 46404
      View Details
    • $5,000/Mo
      8,000 SF

      Industrial Space with Large Yard

      8000 SF industrial space with shared yard access.
      2801 W 9th Avenue, Gary, IN 46404
      View Details
    • $16 SF/Yr
      14,680 SF

      Medical Office Building For Sale

      Two-unit condominium medical office building with recent renovations.
      Broadway 8510, Merrillville, IN
      View Details
    • $11 SF/Yr
      3,200 SF

      Retail/Flex Space on Highway 30

      Retail and warehouse units available in Hobart/Merrillville complex.
      E 81st Ave 5160, Merrillville, IN
      View Details
    • $18 SF/Yr
      3,134 SF

      Office Space Available For Rent

      Office space for rent; tenant pays utilities and janitorial.
      3229 Broadway, Gary, IN
      View Details
    • $20 SF/Yr
      2,000 SF

      New Retail/Office Space Available

      New construction retail/office space for lease, suitable for QSR.
      1921 31 W 25th Ave, Gary, IN
      View Details
    • $12 SF/Yr
      2,276 SF

      Retail and Office Strip Center

      Multi-tenant strip center ideal for retail and office users.
      Broadway 7950-7990, Merrillville, IN
      View Details
    • $2,500/Mo

      Commercial Space with Large Parking

      Updated commercial space suitable for auto shops and dealerships.
      1022 E 21st Ave, Gary, IN, 46407-2815
      View Details
    • $2,400/Mo

      Trucking Trailer Parking Site

      1-10 acre trucking trailer parking site for lease.
      3920 W Ridge Road, Gary, IN 46408
      View Details
    • $12 SF/Yr
      9,600 SF

      9,600 SF Warehouse For Lease

      9,600 SF warehouse with high visibility and accessibility.
      4027 W Ridge Appr Rd, Gary, IN
      View Details
    • Contact for pricing
      1,310 SF

      Retail/Office Space with Planned Renovations

      1,310 SF space suitable for retail or office use.
      2052 Broadway, Gary, IN 46407
      View Details
    • $15 SF/Yr
      3,100 SF

      Retail Strip Center Space Available

      Retail space available in a busy strip center.
      W 81st Ave 1521, Merrillville, IN
      View Details

    FAQs

    What type of property is this?
    Warehouse - 77,841 SF industrial space available for lease in Gary, IN.
    Where is this warehouse located?
    The property is located at 2100 E 15th Ave Gary, IN.
    What are key features of this property?
    This property features: ±77,841 SF available, divisible to 38,920 SF; Features dock and drive‑in doors; Ample secured parking area
    (773) 453-7020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan O’Leary
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2100 E 15th Ave, Gary, IN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!