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    6401 Melton Rd Gary, IN 46403

    For Lease
    $32 SF/Yr ($12,993 /Mo)

    4,820 SF Manufacturing/Flex Space

    Lot size:
    4,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 4,820-square-foot industrial property, situated on a 3.64-acre lot, presents a unique opportunity for a variety of manufacturing, flex, warehouse, distribution, or R&D uses. Built in 1980 and extensively renovated in 2019, the single-story building boasts a generous 18-foot ceiling height, four 14' x 14' overhead drive-in doors, and floor drains throughout. The property includes a 500-square-foot office space, perfect for administrative needs. Ample parking is provided with 200 spaces available. The fully fenced, lit, and gated yard offers substantial secure outdoor storage, ideal for equipment or materials. Benefit from its strategic location on a heavy truck route, conveniently positioned between interchanges of major highways I-80/I-94 and I-65/I-90, ensuring easy access to regional transportation networks. The property's proximity to the South Shore train station and downtown Miller restaurants adds to its appeal. Available for occupancy in August 2024, this property is zoned for industrial use. The property is a single-tenant building.

    Property Features for 6401 Melton Rd

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,820 SF
    Total Rate
    12993.92

    Building Details

    Year Built/Renovated
    1980/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    4,820 SF
    Rate per SF
    $32

    HighLights

    • 3.64‑acre industrial property suitable for vehicle maintenance, equipment, or service businesses.
    • Fully fenced, lit, and gated yard; building features four 14' x 14' overhead doors, floor drains, and LED lighting.
    • Includes 500 SF of office space.
    • Available August 2024.
    • Excellent access to major highways (I‑80/I‑94 and I‑65/I‑90) with ample outside storage and parking.
    • Convenient location near South Shore train station and downtown Miller restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.260278439027
    Latitude
    41.596610390857

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    FAQs

    What type of property is this?
    Life science property - 4,820 SF Manufacturing/Flex Space
    Where is this life science property located?
    The property is located at 6401 Melton Rd Gary, IN.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 3.64-acre industrial property suitable for vehicle maintenance, equipment, or service businesses.; Fully fenced, lit, and gated yard; building features four 14' x 14' overhead doors, floor drains, and LED lighting.; Includes 500 SF of office space.
    Request Owner's contact information
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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

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    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
    6401 Melton Rd Gary, IN 46403
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