Gary, IN Manufacturing Properties for Sale

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Griffith, IN Hammond, IN Highland, IN

Updated: Jul 6

Mechanic Shop with Vehicle Lifts

2400 W Ridge Road, Gary, IN 46408

$440,000

5,832 sqft · 0.32 AC lot

5,000+ SF commercial building at 2400 W. Ridge Road in Gary, IN, currently operating as a mechanic’s shop
Includes 3 vehicle lifts, expansive open work areas, office space, dedicated tool room, and parts storage
Yard space for vehicle storage, equipment, outdoor inventory, or additional parking, plus a private yard
New roof with new sheeting and updated electrical panels
M‑1 Light Manufacturing zoning for a variety of commercial and industrial uses

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This listing looks promising.

Here's a quick look at some key insights for

2400 W Ridge Road, Gary, IN 46408

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Est. Cap Rate

7.7%
Above avg (5.9%)
Est. NOI

$34K
Annual
Price @ 7% Cap

$483K
Above asking
Last Sold

May 2020
$58K
Property Type

Commercial (General)
Built 1949

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Updated: Jul 6

M-1 Light Manufacturing Flex Site

2450 W Ridge Road, Gary, IN 46408

$189,900

500 sqft · 0.47 AC lot

M‑1 Light Manufacturing zoned commercial property at 2450 W. Ridge Road, Gary, IN
Consists of 8 city lots, offering space for inventory, parking, storage, or future expansion
Previously operated as an auto sales business with an average of 20–25 vehicle sales per month
Heating system: forced air
Parking includes off‑street, on‑street, driveway, and alley access

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M1-Zoned Flex Industrial Building

8474 South Colorado Street, Merrillville, IN 46410

$4,000,000

37,000 sqft · 1.82 AC lot

Vacant 37,000 SF flex industrial building on 1.82 acres, suited for owner-users or light industrial conversions.

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Based on your search, we've compiled 50 Potential Opportunities for your consideration. Besides 3 Active listings in Gary, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 39 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

All-Steel Industrial Building with Cranes

1031 E Summit Street, Crown Point, IN 46307

$1,200,000

7,640 sqft · 1.16 AC lot

All-steel industrial facility in Crown Point with 20’ ceilings, LED lighting, and two overhead cranes plus a separate office building.

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Multi-Story Manufacturing & Warehouse Facility

15300 Greenwood Road, South Holland, IL 60473

$500,000

0.56 AC lot

Multi-story manufacturing and warehouse with freight elevator, loading docks, and 3-phase power for production and storage.

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All-Steel Industrial Building with Office

1031 E Summit St, Crown Point, IN 46307

$1,200,000

7,640 sqft · 1.16 AC lot

All-steel industrial building with 20' ceilings, overhead cranes, and separate office space for flexible industrial operations.

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Multi-Story Industrial Facility with Freight Elevator

15300 GREENWOOD RD, South Holland, IL 60473

$500,000

18,000 sqft · 0.56 AC lot

Multi-story industrial building with freight elevator, loading docks, and 120/480V 3-phase power for manufacturing and warehousing.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Vacant Manufacturing Lot For Sale

3760 Arthur Street, Gary, IN 46408

Contact for pricing

0.29 AC lot

Vacant lot in industrial park, convenient location.

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East Chicago Land Opportunity

1300 W 145th Street, East Chicago, IN 46312

$329,900

4.08 AC lot

Acreage near 80/94, ideal for manufacturing or storage.

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Cedar Lake Industrial Land Available

13801 Alexander Street, Cedar Lake, IN 46303

$382,500

1.30 AC lot

1.3 acre lot in Railside Business Park, Cedar Lake.

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Cedar Lake Land For Sale

13831 Alexander Street, Cedar Lake, IN 46303

$382,500

1.35 AC lot

1.35 acre lot in Railside Business Park, Cedar Lake.

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Off-Market Properties in Gary, IN

Consider similar Off-Market properties in Gary, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MANUFACTURING (LIGHT)

901 Grant St, Gary, IN 46404-1530

Value Estimation by Request

8,640 sqft · 4.17 AC lot

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MANUFACTURING (LIGHT)

1300 9th Ave, Gary, IN 46402

Value Estimation by Request

13,438 sqft · 1.38 AC lot

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MANUFACTURING (LIGHT)

7000 21st Ave, Gary, IN 46406-2404

Value Estimation by Request

9,600 sqft · 2.25 AC lot

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MANUFACTURING (LIGHT)

3849 Rhode Is St, Gary, IN 46409-1637

Value Estimation by Request

7,950 sqft · 0.36 AC lot

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MANUFACTURING (LIGHT)

2688 Dekalb St, Lake Station, IN 46405-1519

Value Estimation by Request

13,501 sqft · 0.34 AC lot

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MANUFACTURING (LIGHT)

2319 Ripley St, Lake Station, IN 46405-2336

Value Estimation by Request

16,620 sqft · 1.02 AC lot

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MANUFACTURING (LIGHT)

1201 86th Pl, Merrillville, IN 46410-6337

$945,000

Estimated value

30,414 sqft · 2.87 AC lot

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MANUFACTURING (LIGHT)

899 Grant St, Gary, IN 46404-1528

Value Estimation by Request

21,854 sqft · 1.72 AC lot

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MANUFACTURING (LIGHT)

1447 86th Pl, Merrillville, IN 46410-6341

$1,450,000

Estimated value

47,165 sqft · 2.50 AC lot

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MANUFACTURING (LIGHT)

9070 Louisiana St, Merrillville, IN 46410-7155

$1,510,000

Estimated value

30,000 sqft · 2.00 AC lot

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MANUFACTURING (LIGHT)

4705 Roosevelt St, Gary, IN 46408-3747

Value Estimation by Request

27,896 sqft · 1.13 AC lot

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MANUFACTURING (LIGHT)

1918 41st Ave, Gary, IN 46408

Value Estimation by Request

1,440 sqft · 0.10 AC lot

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MANUFACTURING (LIGHT)

1920 41st Ave, Gary, IN 46408-2372

Value Estimation by Request

12,240 sqft · 1.71 AC lot

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MANUFACTURING (LIGHT)

729 25th Pl, Lake Station, IN 46405

Value Estimation by Request

2.67 AC lot

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MANUFACTURING (LIGHT)

2530 Dunes Hwy, Gary, IN 46402

$1,905,000

Estimated value

35,909 sqft · 10.18 AC lot

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MANUFACTURING (LIGHT)

1552 Bryan St, Gary, IN 46406-2222

Unit 54

$510,000

Estimated value

24,648 sqft · 1.81 AC lot

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MANUFACTURING (LIGHT)

1565 91st Ave, Merrillville, IN 46410-7148

$605,000

Estimated value

27,000 sqft · 2.01 AC lot

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MANUFACTURING (LIGHT)

8120 Grant St, Merrillville, IN 46410-8458

Value Estimation by Request

15,874 sqft · 2.04 AC lot

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MANUFACTURING (LIGHT)

1580 90th Pl, Merrillville, IN 46410-8105

Value Estimation by Request

7,200 sqft · 0.57 AC lot

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MANUFACTURING (LIGHT)

4001 Rdg Rd, Gary, IN 46408-1849

Value Estimation by Request

23,645 sqft · 0.88 AC lot

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MANUFACTURING (LIGHT)

301 Colfax, Gary, IN 46408

$915,000

Estimated value

67,690 sqft · 3.06 AC lot

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Gary, IN Manufacturing Properties Market Trends and Statistics

Explore 42 manufacturing properties for sale in Gary, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 43,332 square feet of properties for sale, with an estimated market value of $4,629,900.

Sale prices for manufacturing properties in Gary, IN start at $189,900, averaging $1,543,300, and reaching up to $4,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 124K

Population Growth (5Y) -7.7%

Median Household Income $47,747

College Educated 15.8%

Taxes & Financing

Tax Rate (average for all types) 7.93%

Property Tax per SF $79.79 per SF

Tax Rate vs County Average 6.93 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Lake County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Lake County

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Gary, IN Manufacturing Properties for Sale

2400 W Ridge Road, Gary, IN 46408

2450 W Ridge Road, Gary, IN 46408

8474 South Colorado Street, Merrillville, IN 46410

Opportunities in Nearby Cities

1031 E Summit Street, Crown Point, IN 46307

15300 Greenwood Road, South Holland, IL 60473

1031 E Summit St, Crown Point, IN 46307

15300 GREENWOOD RD, South Holland, IL 60473

Potential Development Sites for Consideration

3760 Arthur Street, Gary, IN 46408

1300 W 145th Street, East Chicago, IN 46312

13801 Alexander Street, Cedar Lake, IN 46303

13831 Alexander Street, Cedar Lake, IN 46303

Off-Market Properties in Gary, IN

901 Grant St, Gary, IN 46404-1530

1300 9th Ave, Gary, IN 46402

7000 21st Ave, Gary, IN 46406-2404

3849 Rhode Is St, Gary, IN 46409-1637

2688 Dekalb St, Lake Station, IN 46405-1519

2319 Ripley St, Lake Station, IN 46405-2336

1201 86th Pl, Merrillville, IN 46410-6337

899 Grant St, Gary, IN 46404-1528

1447 86th Pl, Merrillville, IN 46410-6341

9070 Louisiana St, Merrillville, IN 46410-7155

4705 Roosevelt St, Gary, IN 46408-3747

1918 41st Ave, Gary, IN 46408

1920 41st Ave, Gary, IN 46408-2372

729 25th Pl, Lake Station, IN 46405

2530 Dunes Hwy, Gary, IN 46402

1552 Bryan St, Gary, IN 46406-2222

1565 91st Ave, Merrillville, IN 46410-7148

8120 Grant St, Merrillville, IN 46410-8458

1580 90th Pl, Merrillville, IN 46410-8105

4001 Rdg Rd, Gary, IN 46408-1849

301 Colfax, Gary, IN 46408

Gary, IN Manufacturing Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

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