Property profile

2450 W Ridge Rd Gary, IN 46408

FOR SALE
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Property ID
US31-0998042
0.47 ac Built 1974
Last sale Mar 2020·$42,750
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property at 2450 W. Ridge Road in Gary, Indiana consists of approximately 0.47 acres organized across 8 city lots, with an approximately 500-square-foot building. Documented site improvements include forced-air heating, a storage container, and office furniture, along with access to public water. Parking is available via multiple configurations, including alley parking, on-street parking, off-street parking, and driveway access. The site is zoned M-1 Light Manufacturing and has historically been used for an auto sales business.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2023$44k
Assessed land$36k
Assessed improvement$8k
Effective rate6.31%

Value estimate

· Nov 2026
$60k
$54k – $66k
AI approach$60k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$316
Operating expenses−$2k
NOI · 2.54% cap applied$5k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2.54%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.4
Wholesale Shop14.6
Building Supply14.3

Location

2450 W Ridge Rd Gary, IN 46408
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 14 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
4866 Broadway, Gary, IN 46408 $50,000 May 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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