1099 Clark RdGary, IN 46404

Property Details for 1099 Clark Rd

Year built

1953

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

1,314 SF

Property type

Office properties

Property subtype

Other office properties

APN

45-08-07-105-012.000-004

APU

450807105012000004

Description

This 1,000 square foot retail property, located at 1099 Clark Rd in Gary, Indiana (zip code 46404), presents a compelling investment opportunity. The property, classified as a Class C building, is a vacant convenience store and gas station, situated on a 0.07-acre lot. Built in 1953, the single-story structure features one unit and is zoned B. The asking price is $350,000, translating to $350 per square foot. The property includes fiberglass tanks. This is an owner/user investment opportunity. The property's location at a corner lot offers excellent visibility and accessibility. The property's address is verified as 1099 Clark Rd, Gary, Lake County, Indiana. The Assessor's Parcel Number (APN) is 45-08-07-105-012.000-004. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $422,282

  6.5%

  $389,799

  7%

  $361,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $171,148

  Geo Method

  $171,148

• Alternative Use

  Use

  Valuation

  Residential

  $483,351

  Hospitality

  $442,747

  Educational

  $368,360

  Medical

  $381,028

  Retail

  $573,004

Location Insight

City

Gary

County

Lake

State

Indiana

Latitude

41.5918

Longitude

-87.3934

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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