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Property profile & analytics
OFF-MARKET
Warehouses

1548 Cline Ave Gary, IN 46406

Property ID
Property summary
AI-generated overview

This exceptional 8,000-square-foot warehouse, part of a larger 24,000-square-foot industrial building, is perfectly situated at the intersection of Cline Avenue and 169th Street, offering convenient access to the I-80/94 Expressway. The property boasts three 14' x 14' overhead doors, providing ample access for loading and unloading. Inside, you'll find a 16' ceiling height, ideal for storing a variety of goods. The space includes two offices, a bathroom, and essential utilities such as furnaces and lighting. Electrical service is 120/240-volt single phase. The monthly rent of $6,887 includes CAM charges of $1,533.33 ($2.30/SF). A security deposit equal to one month's rent is required. The lease is a net lease (NN) with a three-year term and a 2.5% annual rent escalator. All utilities are the tenant's responsibility. The property is zoned industrial and enjoys a strategic location near prominent businesses such as Grainger, Schneider National Truck, and a D.O.T. Urgent Care & drug testing facility. This warehouse presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located industrial space in Gary, Indiana, with a zip code of 46406. The building dimensions are 50' x 160'.

Property profile
Verified
Property type Warehouses
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
  • Jims Truck And Trailer Auto Repair Shop
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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