Back to Search

Industrial Building with Showroom

5200 Cleveland Street Gary, IN 46410

5200 Cleveland Street, Gary, IN, 46410

$1,400,000

For Sale

$1,400,000

12,400 SF industrial building with showroom and fenced lot.

Property Size12,400 SF

Lot Size2.15 Acres

Price / SF$112.90

AddedApr 8

Days on Market98

Last RefreshJun 28 at 11:05 pm

Property Features for 5200 Cleveland Street

General Information

Standard status: Active
Size: 12,400 SF
Lot size: 2.15 Acres
Property subtype: Industrial

Building Details

Year Built: 1969

Listing office Latitude Commercial

Listing date Apr 8, 2026

Source Latitudeco

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 Latitude Commercial

Investment Insights

Based on property information with market context.

The 12,400 SF industrial building is located at 5200 Cleveland Street in Gary, Indiana. The property is situated on a fully fenced 2.15-acre lot. The building includes a front showroom, office area, and warehouse space. It features three 14-foot drive-in doors and a 28-foot peak ceiling height. The property is suitable for a variety of industrial or service-based uses. The building has a newer roof (approximately five years old) and a brand-new electronic sign. The 2024 pay 2025 taxes total $7,773 annually. The location provides easy access throughout Northwest Indiana and the greater Chicagoland area, near I-80/94, US-20, and I-65. It is an option for businesses seeking secure outdoor space, showroom exposure, and functional warehouse capability.

Key Highlights

Excellent location near I‑80/94, US‑20, and I‑65 providing easy access throughout Northwest Indiana and the greater Chicagoland area.
12,400 SF industrial building on a fully fenced 2.15‑acre lot, offering secure outdoor space.
Includes a front showroom and office area with strong street visibility.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$178.6k	$14.40
− Vacancy	−$7.9k	−$0.63
EGI	$170.7k	$13.77
− OpEx	−$51.2k	−$4.13
NOI	$119.5k	$9.64

12,400 SF · lease $14.40/SF/yr · vacancy 4.40% · expense 30.00%

Alternative Uses

Best Use

Office B

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,289 @ 7.0% cap · market cap 11.23%

Second Best

Retail

$1.71M

$1.49M – $1.99M (±1% cap)

NOI $119,492 @ 7.0% cap · market cap 8.54%

Theoretical Best

Specialty Retail

$3.46M

$3.03M – $4.04M (±1% cap)

NOI $242,312 @ 7.0% cap · market cap 17.31%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Tire Pros & Auto ... Auto Repair Shop Intoxalock Ignition Interlock Building Supply

Suggested Use

Similar For Sale Nearby

$440,000

5,832 SF

Mechanic Shop with Vehicle Lifts

Three vehicle lifts and yard space support service and light manufacturing operations.

2400 W Ridge Road, Gary, IN 46408

View Details
$350,000

7,200 SF

Automotive Service Building

Automotive facility with seven service bays, private offices, and a large paved rear lot with multiple overhead doors.

2563 W 11th Avenue, Gary, IN 46404

View Details
$189,900

3,088 SF

Automotive Shop with Five Bays

Automotive shop with five bays, office and waiting area, plus two restrooms, offered with an adjacent lot.

2000 W Ridge Road, Gary, IN 46408

View Details
$175,000

2,160 SF

Historic Retail and Service Building

Retail building with prior dry-cleaners/tailors use and commercial zoning near I-80/94 and Indiana University Northwest.

4007 Broadway, Gary, IN 46409

View Details
$263,000

5,600 SF

Retail Parcel in TOD Zone

For-sale retail parcel with an existing 5,600 SF building on a 0.074-acre lot in the TOD zone.

614 S Lake Street, Gary, IN 46403

View Details
$650,000

9,360 SF

Flexible Warehouse and Flex Space

Versatile 9,360 SF building with an open, adaptable layout for office, retail, warehouse, or service operations.

2535 Garfield Street, Gary, IN 46404

View Details
$195,000

4,560 SF

Mechanic Shop with Paint Booth

Auto repair setup with office space and installed car lifts, suited for industrial automotive uses.

1134 Virginia Street, Gary, IN 46407

View Details
$241,700

8,608 SF

Commercial Building with Unfinished Basement

Commercial building with main-level space plus an unfinished basement offering room for storage or future build-out.

2524-34 W 11th Avenue, Gary, IN 46404

View Details
$205,000

1,270 SF

Turn-Key Tavern with Patio

Turn-key tavern for sale with seating, outdoor patio space, a small kitchen, and 20 onsite parking spaces.

4489 Broadway, Gary, IN 46409

View Details
$499,900

6,457 SF

Gary Multifamily Investment Opportunity

Six-unit multifamily property with redevelopment potential in Gary, Indiana.

2315 Industrial Boulevard, Gary, IN 46407

View Details
$50,000

2,003 SF

Commercial Space Near Miller Beach

Affordable commercial space near Miller Beach and South Shore station.

912-18 Aetna Street, Gary, IN 46403

View Details
$179,900

Updated Duplex in Gary, Indiana

Income-producing duplex with Airbnb setup, ideal for first-time investors.

2023 Vermont Street, Gary, IN 46407

View Details

For sale
Warehouses
IN
Gary
46410
5200 Cleveland Street

What type of property is this?

Warehouse - 12,400 SF industrial building with showroom and fenced lot.

Where is this warehouse located?

The property is located at 5200 Cleveland Street Gary, IN.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Excellent location near I‑80/94, US‑20, and I‑65 providing easy access throughout Northwest Indiana and the greater Chicagoland area.; 12,400 SF industrial building on a fully fenced 2.15‑acre lot, offering secure outdoor space.; Includes a front showroom and office area with strong street visibility.