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Two-Story Mixed-Use Property
For Sale
$225,000

2439 W 15th Avenue, Gary, IN 46404

Commercial Sale, Gary, IN

Property Size3,387 SF
Lot Size0.07 Acres
Price / SF$66.43
Days on Market75

Property Features for 2439 W 15th Avenue

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking 2
Parking features Off Street, On Street, Garage
Exterior features Storage
Basement Unfinished
Appliances Gas Range, Water Heater, Refrigerator
Subdivision Rearrangement Orchard Park Add
Lot features Corner Lot, Paved
Directions 15th to Ellsworth St. Building in the corner.
Standard status Active
APN 450808327001000004
Size 3,387 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description RUNDELL'S REARRANGMENT LOT 59 EX. E.1FT
Tax Annual Amount 12631
Legal Description RUNDELL'S REARRANGMENT LOT 59 EX. E.1FT

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating)
Water source Public

Building Details

Year built 1920
Additional Structures Storage
Listing Agency: Listing Leaders
Listed By: Joseph Young
Added: Jul 24 Changed: Sep 14 Last Checked: Oct 6 at 1:06AM
MLS# 842845

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,387-square-foot mixed-use building combines a first-floor commercial area configured for restaurant and bar operations with an upper-level residential apartment. The commercial portion provides room for dining, food preparation, customer service, and storage. The apartment has its own entrance, multiple bedrooms, a full bathroom, a kitchen, and living space suitable for residential occupancy.

Built in 1920 on a 0.068-acre lot, the property includes off-street, on-street, and garage parking. Existing equipment includes a gas range, water heater, and refrigerator. The building is served by public water and public sewer, with hot-water heating. Located at 2439 W 15th Avenue in Gary, Indiana, the property offers a combined commercial and residential layout within a single structure.

Key Highlights

  • 3,387‑square‑foot two‑story mixed‑use building
  • First‑floor commercial space configured for a restaurant and bar
  • Second‑floor apartment with private entrance, multiple bedrooms, kitchen, and full bathroom

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Spa & Massage Center Parking Lot & Garage Electrical Service

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

276
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Westside Foods of Gary INC Shops & Services
4,199 visits/mo 0.1 miles
Citgo Shops & Services
1,473 visits/mo 0.5 miles

Demographics for 46404, IN

15,658
Population
7,708
Households
2
Avg Household Size
39
Median Age
16%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
2,610
Density / Sq Mi
$39,188
Median Household Income
$34,337
Median Earnings
$995
Median Rent
$88,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Mixed-use property - Commercial restaurant and bar space occupies the first floor, with a separate residential unit above.
Where is this mixed-use property located?
The property is located at 2439 W 15th Avenue Gary, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,387‑square‑foot two‑story mixed‑use building; First‑floor commercial space configured for a restaurant and bar; Second‑floor apartment with private entrance, multiple bedrooms, kitchen, and full bathroom
More about this property
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