1500 Colfax St Gary, IN 46406
- Land
- 14.20 lot acres
Current Use by Public Records
- Colfax Parking / Parking Lot
Property Details for 1500 Colfax St
- Lot size
- 14.20 lot acres
- Property type
- Land
Description
This exceptional 14.2-acre commercial land parcel in Gary, Indiana, presents a unique investment opportunity. Located at 1500 Colfax St, 46406, this property boasts existing zoning perfectly suited for trucking, transportation, and equipment storage businesses. The site is strategically positioned for easy access to major transportation arteries, including Cline Avenue, I-80, I-90, I-94, and I-65, as well as 15th and Colfax Streets, ensuring seamless logistics and distribution. The property features a fully lit, fenced, and secured perimeter, enhanced by an electronic gate with two points of ingress for optimal security. A significant portion of the land (approximately 4.87 acres) is currently income-producing, secured by a lease extending through 2033. Additionally, approximately 7.25 acres are immediately available for lease, offering immediate revenue potential. The expansive yard space provides ample room for trailer parking, equipment storage, or material staging. This property is being offered for sale and lease
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gary
- County
- Lake
- State
- Indiana
- Longitude
- -87.426
- Latitude
- 41.605
