4802 Broadway Gary, IN 46408
Two-tenant medical center in Gary, IN with upside.
Type:Office
Property size:
13,125 SFPrice / SF:
$236/SF- Added:
- Dec 4, 2024
- Days on Market:
- 511
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 4802 Broadway
General Information
- Standard status
- Active
- Size
- 13,125 SF
- Property subtype
- Office
Building Details
- Year Built
- 1992
Listing agent Stephen Sullivan License #CA 01939096
Listing office SRS Real Estate Partners Newport Beach
Listing date Dec 4, 2024
Source Crexi
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 SRS Real Estate Partners Newport Beach
Overview
Medical Center Investment Opportunity
This two-tenant medical center investment property is located in Gary, Indiana. The property has 13,125 square feet of leasable area. DaVita Dialysis occupies approximately 11,203 square feet, with approximately 1,922 square feet currently vacant. TRC – Indiana, LLC, recently extended their lease and has over 3 years remaining in their lease term with 3 (5-years) option periods left to extend. The lease features 2% rental increases at the beginning of each option. The property is located at the corner of Broadway Street and 48th Avenue, with traffic counts exceeding 28,200 vehicles per day. The site has direct on/off ramp access to Interstate 65 (112,200 VPD) and Interstate 94 (209,600 VPD). The retail corridor includes Lowe’s Home Improvement, Costco Wholesale, The Home Depot, Dick’s Sporting Goods, Petco, Aldi, Meijer and Target. The site is near Methodist Hospital, a medical facility with 491 beds. The property is within walking distance to multiple apartment complexes including Georgia Street (30 units), Meadowlane (64 units), and Greenbrier (70 units). The 5-mile trade area is supported by 136,623 residents and 51,121 daytime employees with an average household income of $68,326.
Location Intelligence
Current Use by Public Records
Nephrology Specialists PC
Medical Clinic
Ellan L. Hood, ...
Physician
Dr. Aj J. ...
Physician
NWI Nephrology: Dr. ...
Physician
NWI Nephrology: Dr. ...
Physician
Location Insight
- Map
- Local Demand
- City
- Gary
- County
- Lake
- State
- Indiana
- Longitude
- -87.336534
- Latitude
- 41.530417
Nearby Similar for Sale
FAQs
What type of property is this?
Medical center - Two-tenant medical center in Gary, IN with upside.
Where is this medical center located?
The property is located at 4802 Broadway Gary, IN.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Two‑tenant medical center investment property with a strong national tenant (DaVita Dialysis) occupying a majority of the leasable area.; Strategic hard corner location with **high traffic counts (28,200 VPD)** and direct access to Interstates 65 and 94.; Lease with TRC - Indiana, LLC recently extended with over 3 years remaining and 3 (5‑year) option periods with 2% rental increases.
