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    1500 Colfax St Gary, IN 46406

    For Sale
    Contact for pricing

    Prime Gary location, ideal for trucking & storage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 14.2-acre commercial land parcel in Gary, Indiana, presents a unique investment opportunity. Located at 1500 Colfax St, 46406, this property boasts existing zoning perfectly suited for trucking, transportation, and equipment storage businesses. The site is strategically positioned for easy access to major transportation arteries, including Cline Avenue, I-80, I-90, I-94, and I-65, as well as 15th and Colfax Streets, ensuring seamless logistics and distribution. The property features a fully lit, fenced, and secured perimeter, enhanced by an electronic gate with two points of ingress for optimal security. A significant portion of the land (approximately 4.87 acres) is currently income-producing, secured by a lease extending through 2033. Additionally, approximately 7.25 acres are immediately available for lease, offering immediate revenue potential. The expansive yard space provides ample room for trailer parking, equipment storage, or material staging. This property is being offered for sale and lease

    Property Features for 1500 Colfax St

    General Information

    Property type
    Land
    Lot Size
    618,552 SF

    HighLights

    • ±14.2‑acre commercial land parcel in Gary, IN.
    • 7.25 acres immediately available for lease.
    • ±4.87 acres leased through 2033, generating current income.
    • Fully fenced, lit, and secured property with electronic gate and two access points.
    • Zoned for trucking, transportation, and equipment storage.
    • Ample yard space for trailer parking and equipment storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Colfax Parking Parking Lot

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.4260241
    Latitude
    41.6049925

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    FAQs

    What type of property is this?
    Land - Prime Gary location, ideal for trucking & storage.
    Where is this land located?
    The property is located at 1500 Colfax St Gary, IN.
    What are key features of this property?
    This property features: ±14.2-acre commercial land parcel in Gary, IN.; 7.25 acres immediately available for lease.; ±4.87 acres leased through 2033, generating current income.
    Request Owner's contact information
    1500 Colfax St Gary, IN 46406
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    Gary, IN 46406
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Colfax St Gary, IN 46406
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