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Convenience Store and Car Wash
For Sale
Contact for pricing
Pending

3101 W 5th Avenue, Gary, IN 46406

Recently renovated convenience store with Mobil gas station, upgraded car wash, and LED lighting, plus an attached empty land parcel.

Property SizeContact for details
Days on Market148

Property Features for 3101 W 5th Avenue

General Information

Standard status Pending
Property subtype Retail
Listing Agency: McCormick Real Estate
Listed By: Jeff & Trinity Mccormick · License #IN RB14033291
Source: Crexi
Added: Apr 11 Changed: Aug 26 Last Checked: Sep 1 at 10:01AM

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 McCormick Real Estate

Investment Insights

Based on property information with market context.

This offering includes a recently renovated convenience store and Mobil gas station with all pumps and related equipment, along with LED lighting. The property also features an upgraded car wash. A restaurant component is included for rental income, with a lease option described as negotiable. The sale includes the business, the real estate, and all equipment.

The site is located in Lake County near I-80-94 and I-65, positioned on the corner of a busy street with a steady amount of auto traffic.

An additional 2,500 square foot empty parcel of land is attached and could be utilized for additional retail or commercial businesses, subject to applicable approvals.

Key Highlights

  • Recently renovated convenience store with Mobil gas station, upgraded car wash, and LED lighting
  • Includes all pumps and related equipment plus car wash upgrades; sale includes the business, real estate, and equipment
  • Corner location on a busy street with steady auto traffic

Property Analytics

Current Use

Mobil Gas Station Gas Station SteelCity CheeseSteaks Restaurant GoLo Gas Station

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 90% Dining 10%
Family Dollar Shops & Services
6,596 visits/mo 0.3 miles
Citgo Shops & Services
3,838 visits/mo 0.3 miles
Exxon Shops & Services
2,941 visits/mo 0.3 miles
BMO Harris Bank Shops & Services
2,130 visits/mo 0.3 miles
Mobil Shops & Services
1,993 visits/mo 0.3 miles

Demographics for 46406, IN

8,776
Population
3,938
Households
2.2
Avg Household Size
36
Median Age
9%
College-Educated
81%
High-School Grad
13.5 sq mi
ZIP Area
650
Density / Sq Mi
$35,631
Median Household Income
$28,705
Median Earnings
$972
Median Rent
$86,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - Recently renovated convenience store with Mobil gas station, upgraded car wash, and LED lighting, plus an attached empty land parcel.
Where is this gas station located?
The property is located at 3101 W 5th Avenue Gary, IN.
What are key features of this property?
This property features: Recently renovated convenience store with Mobil gas station, upgraded car wash, and LED lighting; Includes all pumps and related equipment plus car wash upgrades; sale includes the business, real estate, and equipment; Corner location on a busy street with steady auto traffic
(219) 613-5643 Call to check price and availability
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