Industrial Building with
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
Days on Market100
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 Agency
Latitude Commercial
(219) 545-4328
Listed by
Brett McDermott, CCIM · License #IN #RB14050416
(219) 545-4328
Source
Latitudeco
Added: Apr 8 Checked: Jul 16 at 3:00 am
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
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $157,289 @ 7.0% cap · market cap 11.23%
Second Best
Retail
$1.71M
$1.49M – $1.99M
NOI $119,492 @ 7.0% cap · market cap 8.54%
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
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
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FAQs
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.
