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Storefront Retail Property
For Sale
$54,900

731 E 41st Avenue, Gary, IN 46409

Commercial Sale, Gary, IN

Property Size3,822 SF
Lot Size0.15 Acres
Price / SF$14.36
Days on Market51

Property Features for 731 E 41st Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Subdivision Woodland Park Add
Directions Broadway to 41st, East to address
Standard status Active
APN 450827329008000004
Size 3,822 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description WOODLAND PARK ADD. LOTS 9, AND 10, BLOCK 1
Tax Annual Amount 653
Legal Description WOODLAND PARK ADD. LOTS 9, AND 10, BLOCK 1

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1947
Listing Agency: McColly Real Estate
Listed By: Estela Lopez · License #475123482
Added: Jul 23 Changed: Aug 19 Last Checked: Sep 11 at 10:06PM
MLS# 842823

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 storefront retail property contains 3,822 square feet on a 0.147-acre parcel. Built in 1947, the building offers an established commercial structure for retail-related occupancy or ownership. Public water and public sewer serve the property, with water available as a listed utility.

The property is located at 731 E 41st Avenue in Gary, Indiana, within Lake County and ZIP Code 46409. Its storefront configuration and existing utility connections provide the core physical characteristics of this commercial asset.

Key Highlights

  • 3,822‑square‑foot storefront retail property
  • 0.147‑acre parcel
  • Building constructed in 1947

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office HVAC Service Skin Care Clinic

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

327
Businesses Nearby
Under-served
Demand for This Use

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
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?
Storefront property - Existing storefront property with public water and sewer service in Gary.
Where is this storefront property located?
The property is located at 731 E 41st Avenue Gary, IN.
What is the asking price?
The asking price for this property is $54,900.
What are key features of this property?
This property features: 3,822‑square‑foot storefront retail property; 0.147‑acre parcel; Building constructed in 1947
More about this property
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