1500 Colfax St Gary, IN 46406
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.
-
Colfax Parking Parking Lot & Garage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.