Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1921-1931 25Th Ave Gary, IN 46404

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1921-1931 25Th Ave Gary, IN 46404

    View on Map
    • Retail properties & Spaces
    • 20,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1921-1931 25Th Ave

    Year built
    2022
    Property size
    20,900 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 1921-1931 W 25th Ave in Gary, Indiana, offers a prime leasing opportunity. The newly constructed building totals 20,900 square feet and is situated on a substantial 1,921,255 square foot lot, providing ample parking. Currently, 11,000 square feet of space is available for lease, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 3,000 square feet. The building features five available spaces, ideal for a variety of retail uses. Three units are particularly well-suited for quick-service restaurants (QSRs), with one unit (1921 W 25th Ave Unit 5) even including a convenient pick-up window. The property benefits from its location in Lake County, Indiana, with easy access to I-80/90, ensuring high visibility and convenient access for customers. The property is surrounded by established national brands, further enhancing its appeal. The large lot size allows for excellent pylon signage opportunities, maximizing visibility and attracting potential customers. This is a remarkable chance to establish a business in a high-traffic area with significant potential for growth. The property was built in 2022. The zip code is 46404.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3609
    Latitude
    41.5728

    Comparable in this City

    • Value Estimation by Request
      14,820 SF

      2500 Grant St

      Individual retail properties • 14,820 SF
      2500 Grant St, Gary, IN 46404
      View Details
    • Value Estimation by Request
      1,000 SF

      399 Gary St

      Automotive properties • 1,000 SF
      399 Gary St, Gary, IN 46404
      View Details
    • Value Estimation by Request
      2,016 SF

      2600 15th Ave

      SHOW ROOM, WAREHOUSE • 2,016 SF
      2600 15th Ave, Gary, IN 46404
      View Details
    • Value Estimation by Request
      0.31 Acres

      1915 15th Ave

      COMMERCIAL (GENERAL) • 0.31 Acres
      1915 15th Ave, Gary, IN 46404
      View Details
    • Value Estimation by Request
      1,313 SF

      3460 29th Ave

      COMMERCIAL (GENERAL) • 1,313 SF
      3460 29th Ave, Gary, IN 46404
      View Details
    • Value Estimation
      $745,000
      8,972 SF

      2248 Garfield St

      COMMERCIAL (GENERAL) • 8,972 SF
      2248 Garfield St, Gary, IN 46404-3425
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Land Near Hard Rock Casino

      75+ acres near I-80/94 and Hard Rock Casino.
      4297 W 29Th Ave, Gary, IN 46404
      View Details
    • Contact for pricing
      14,820 SF

      Walgreens Corporate Guaranteed Investment

      Walgreens investment property with robust sales and high visibility.
      1601 W 25Th Ave, Gary, IN 46404
      View Details
    • $62,000
      800 SF

      Gary, IN Commercial Opportunity

      Commercial building on a busy street, great customer potential.
      2553 W 11Th Ave, Gary, IN 46404
      View Details
    • Contact for pricing

      Versatile Commercial Space For Sale

      Commercial space with high visibility and convenient access.
      2630 W 5Th Ave, Gary, IN 46404
      View Details
    • Contact for pricing

      75.21 Acres Near Hard Rock

      75.21 acres across from Hard Rock Casino Northern Indiana.
      Multiple Parel - Land Assembly, Gary, IN 46404
      View Details
    • Contact for pricing
      20,572 SF

      Gary Office Building For Sale

      20,572 SF office building in Gary, Indiana.
      2400 Clark Rd, Gary, IN 46404
      View Details

    Similar Nearby for Lease

    • $9,200 /Mo
      9,180 SF

      Versatile Commercial Space in Gary

      9,200 SF commercial space suitable for various business uses.
      2535 Garfield St, Gary, IN 46404
      View Details
    • $20 SF/Yr
      3,000 SF

      New Retail/Office Space Available

      New construction retail/office space for lease, suitable for QSR.
      1921 W 25Th Ave, Gary, IN 46404
      View Details
    • Contact for pricing
      100 SF

      Office Suites For Rent

      Individual office suites available for lease with utilities included.
      7725 Taft St, Merrillville, IN 46404
      View Details
    • Contact for pricing
      77,841 SF

      Industrial Space with Recent Renovations

      77,841 SF industrial space available for lease in Gary, IN.
      2100 E 15Th Ave, Gary, IN 46404
      View Details
    • $5,000 /Mo
      8,000 SF

      Industrial Space with Large Yard

      8000 SF industrial space with shared yard access.
      2801 W 9Th Ave, Gary, IN 46404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1921-1931 25Th Ave
    Gary, IN 46404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!