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Property profile & analytics
OFF-MARKET
Land

1500 Colfax St Gary, IN 46406

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Colfax Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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