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Leased Storefront Property

4007 Broadway, Gary, IN 46409

For Sale
$175,000

Commercial Sale, Gary, IN

Property Size2,160 SF
Lot Size0.17 Acres
Price / SF$81.02
Days on Market205

Property Features for 4007 Broadway

General Information

Property type Commercial Sale
Property subtype Other
Parking 8
Parking features Off Street
Security features Security System
Interior features Entrance Foyer, High Ceilings
Appliances Dryer, Washer
Subdivision Earles 03 Glen Park Add
Lot features Corner Lot, Near Public Transit, Paved
View City
Elementary school district Gary
Middle school district Gary
High school district Gary
Directions From 80 / 90 exit onto Broadway Ave ( RT 53) and proceed South. Proceed to West 40th Ave. Building is located on the South East Corner of that intersection. Parking is located in the front.
Standard status Active
APN 450827156001000004
Size 2,160 SF
Lot size 0.17 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2024
Tax Description EARLES 3RD GLEN PARK ADD. ALL LOTS 1 & 2 BL.24
Tax Annual Amount 2000
Legal Description EARLES 3RD GLEN PARK ADD. ALL LOTS 1 & 2 BL.24

Utilities

Sewer type Public Sewer
Heating system Central, Forced Air, Natural Gas
Water source Public

Building Details

Year built 1927
Listing Agency: McColly Real Estate
Listed By: Alan Harrell · License IN RB14052205
Added: Apr 20 Changed: Nov 10 Last Checked: Nov 10 at 12:06PM
MLS# 837489

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,160-square-foot storefront property at 4007 Broadway in Gary includes a 0.169-acre parcel and dates to 1927. The building has an entrance foyer, high ceilings, central and forced-air heating, and natural gas service. Off-street parking is available, with public water and public sewer serving the site. A washer and dryer are also included.

The property is occupied by Ace Cleaners and Tailors and sits in the Glen Park neighborhood along Broadway. Indiana University Northwest, local schools, and major transit routes are located nearby, with access to the I-80/94 interchange south of the property. The site is identified as Commercial zoning in the listing information.

Key Highlights

  • 2,160‑square‑foot storefront building on a 0.169‑acre parcel
  • 1927 construction with entrance foyer and high ceilings
  • Tenant‑occupied by Ace Cleaners and Tailors

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ace Cleaners & Tailors (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Building Supply HVAC Service Pharmacy

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

346
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 86% Dining 7% Electronics 7%
PLS Financial Services Shops & Services
5,758 visits/mo 0.3 miles
Family Dollar Shops & Services
5,275 visits/mo 0.4 miles
Family Dollar Shops & Services
4,975 visits/mo 0.3 miles
Chase Bank Shops & Services
4,636 visits/mo 0.4 miles
Beggars Pizza Dining
1,791 visits/mo 0.5 miles

Demographics for 46409, IN

6,975
Population
4,238
Households
1.6
Avg Household Size
35
Median Age
12%
College-Educated
85%
High-School Grad
3.6 sq mi
ZIP Area
1,938
Density / Sq Mi
$40,637
Median Household Income
$29,769
Median Earnings
$1,194
Median Rent
$73,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Storefront properties in Lake County, IN

$139 Jul
$148 Aug
$140 Sep
$130 Oct

Properties on Market for Storefront properties in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Storefront property - Tenant-occupied commercial building with off-street parking, public utilities, and a Broadway address in Gary’s Glen Park neighborhood.
Where is this storefront property located?
The property is located at 4007 Broadway Gary, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,160‑square‑foot storefront building on a 0.169‑acre parcel; 1927 construction with entrance foyer and high ceilings; Tenant‑occupied by Ace Cleaners and Tailors
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