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    5555 Ridge Rd Gary, IN 46408

    For Sale
    $150,000

    1-Acre Lot, High Visibility, I-94 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1-acre commercial lot, located at 5555 W Ridge Rd (Lot 2) in Gary, Indiana, presents a remarkable opportunity for QSR or retail development. Boasting 140 feet of frontage on Ridge Road, this property enjoys excellent visibility and accessibility, attracting over 13,000 cars daily. A dedicated private curb cut and convenient turn lane ensure easy ingress and egress for customers. The strategic location just east of the Griffith/Gary city line places the property in close proximity to the I-94 interstate, providing convenient access for commuters and customers. The site benefits from its adjacency to a newly constructed Dollar General, further enhancing its appeal and potential for synergy. This location offers the advantage of capturing morning traffic heading towards I-94 via Burr Street or Cline Avenue, ensuring high traffic volume throughout the day. The asking price for this prime commercial land is $150,000. The property is situated in Lake County, Indiana, with a zip code of 46408. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. Don't miss this chance to secure a highly desirable commercial property in a growing area.

    Property Features for 5555 Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial lot in Gary, IN (46408), ideal for QSR or retail.
    • 140 ft of frontage on Ridge Rd, with over 13,000 cars daily.
    • Private curb cut and turn lane for easy access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.4047535
    Latitude
    41.5484284

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    FAQs

    What type of property is this?
    Land - 1-Acre Lot, High Visibility, I-94 Access
    Where is this land located?
    The property is located at 5555 Ridge Rd Gary, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 1-acre commercial lot in Gary, IN (46408), ideal for QSR or retail.; 140 ft of frontage on Ridge Rd, with over 13,000 cars daily.; Private curb cut and turn lane for easy access.
    (219) 510-3720
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    5555 Ridge Rd Gary, IN 46408
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    Gary, IN 46408
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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
    5555 Ridge Rd Gary, IN 46408
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