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    Property profile & analytics

    5004-5010 Broadway Gary, IN

    • Retail properties
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 5004-5010 Broadway

    Year built
    1962
    Lot size
    0.12 lot acres
    Property type
    Retail properties

    Description

    This exceptional commercial property, located at 5004-5010 Broadway in Gary, Indiana, presents a unique investment opportunity. Situated on a 0.12-acre lot, this completely remodeled bar/restaurant/catering/gaming establishment offers a substantial amount of space ideal for a variety of uses. The building has undergone a comprehensive renovation, ensuring it meets current building codes. A detailed list of improvements is available upon request. The property benefits from high visibility on Broadway, a location known for its strong foot traffic, ensuring excellent exposure for your business. This turnkey operation includes three valuable licenses: a liquor license, a catering license with liquor, and a gaming license. All fixtures and equipment are included in the sale price of $300,000, making this a truly exceptional value. The building features a gable roof structure and utilities are currently connected. This is a rare chance to acquire a fully operational and well-equipped business in a prime commercial location. Don't miss this opportunity to own and operate a thriving establishment in a vibrant area. The property is ready for immediate occupancy.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3365
    Latitude
    41.5275

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    5004-5010 Broadway
    Gary, IN
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    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
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