Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1500 Colfax St Gary, IN 46406

    For Lease
    Contact for pricing

    4.87-acre commercial lot for lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.87-acre commercial land parcel is ideally situated at 1500 Colfax St in Gary, Indiana, zip code 46406. Located in Lake County, this property presents a unique opportunity for developers and businesses seeking a substantial footprint in a strategic location. The land is designated for commercial use under its existing zoning. The property is offered for lease as a single-tenant site, providing flexibility and control for the lessee. With a total land area of 4.87 acres, there's ample space for a variety of commercial developments. The property's address is clearly identified as 1500 Colfax St, Gary, IN, making it easily accessible and highly visible. The geographic coordinates are 41.6049925 latitude and -87.4260241 longitude, allowing for precise location identification and mapping. This prime commercial land offers significant potential for growth and development, making it an attractive investment opportunity in a dynamic market. The single-tenant aspect ensures exclusive use and simplifies operational considerations. Interested parties are encouraged to explore the possibilities this expansive land parcel offers for their commercial ventures. The property is available for lease and awaits a visionary tenant to realize its full potential.

    Property Features for 1500 Colfax St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    HighLights

    • ±4.87‑acre commercial land parcel in Gary, IN.
    • 7.25 acres immediately available for lease.
    • ±4.87 acres currently leased, producing income through 2033.
    • Fully lit, fenced, and secured with electronic gate (two access points).
    • Zoned for trucking, transportation, and equipment storage.
    • Ample yard space for trailer and equipment parking.
    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

    Nearby Similar for Lease

    • $3,000 /Mo
      5,093 SF

      Bar/Restaurant Ready For Rent

      Bar and party hall available for rent in Gary.
      2715 W Ridge Rd, Gary, IN 46408
      View Details
    • $3,300 /Mo
      2,605 SF

      Gary Office Building Near Station

      2,600 SF office building near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details
    • $5,000 /Mo
      8,000 SF

      Industrial Space with Large Yard

      8000 SF industrial space with shared yard access.
      2801 W 9Th Ave, Gary, IN 46404
      View Details
    • $2,736 /Mo
      3,648 SF

      Warehouse Space in Gary, Indiana

      Versatile warehouse space suitable for various industrial and storage purposes.
      5020 W 45Th Ave, Gary, IN 46408
      View Details
    • $1,800 /Mo
      17,412 SF

      Merrillville Office Space Available

      Office suite with great windows, water, and private restroom.
      8300 Broadway, Merrillville, IN 46410
      View Details
    • New
      $2.00 SF/Yr
      10,000 SF

      Spacious Office Space in Merrillville

      10,000 SQFT office space with 30+ private offices.
      8396 Mississippi St, Merrillville, IN 46410
      View Details

    FAQs

    What type of property is this?
    Land - 4.87-acre commercial lot for lease.
    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: ±4.87-acre commercial land parcel in Gary, IN.; 7.25 acres immediately available for lease.; ±4.87 acres currently leased, producing income through 2033.
    Request Owner's contact information
    1500 Colfax St Gary, IN 46406
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 Colfax St
    Gary, IN 46406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.