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    Property profile & analytics

    1401 Rdg Rd Gary, IN 46409-1463

    • Grocery and convenience stores
    • 1,088 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Feb 22, 2022
    Location Intelligence
    Property ID
    US31-0422363
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Clark Ridge Inc / Gas Station
    • Party Liquors / Liquor Store
    • ATM / Atm
    • Dan's Place II / Liquor Store
    • Krazy Dan's Fireworks / Fireworks Store

    Property Details for 1401 Rdg Rd

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.41 lot acres
    Property size
    1,088 SF
    Property type
    Grocery and convenience stores
    APN
    45-08-27-228-001.000-004
    APU
    450827228001000004

    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
    -87.3192
    Latitude
    41.5508
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $4,046
    $58,500
    $47,600
    $106,100
    -
    $58,500
    $47,600
    $106,100

    Comparable in this City

    • Value Estimation
      $305,000
      1,566 SF

      3479 Georgia St

      CONVENIENCE STORE • 1,566 SF
      3479 Georgia St, Gary, IN 46409-1137
      View Details
    • Value Estimation
      $290,000
      1,939 SF

      3501 Broadway, Unit 23

      CONVENIENCE STORE • 1,939 SF
      3501 Broadway, Gary, IN 46409-1316
      View Details
    • Value Estimation
      $320,000
      1,421 SF

      3077 Broadway, Unit 93

      CONVENIENCE STORE • 1,421 SF
      3077 Broadway, Gary, IN 46409-1005
      View Details
    • Value Estimation by Request
      280 SF

      4067 Broadway, Unit 87

      CONVENIENCE STORE • 280 SF
      4067 Broadway, Gary, IN 46409-1934
      View Details
    • Value Estimation by Request
      1,498 SF

      4899 Georgia St

      Automotive properties • 1,498 SF
      4899 Georgia St, Gary, IN 46409
      View Details
    • Value Estimation
      $335,000
      2,600 SF

      4901 Broadway, Unit 5

      CONVENIENCE STORE • 2,600 SF
      4901 Broadway, Gary, IN 46409-2706
      View Details

    Similar Nearby for Sale

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      High-traffic location, owner financing possible.
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      Vacant Lot on Broadway

      Vacant lot in Gary, Indiana with high visibility.
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    • $45,000
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      Vacant Corner Lot in Gary

      High-visibility corner lot near Indiana University Northwest, ideal for development.
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    • Contact for pricing
      0.14 Acres

      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
      5012 Georgia St, Gary, IN 46409
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    • $60,000
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      Gary Mixed-Use Investment Opportunity

      Two Buildings, Endless Potential, $60,000
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      View Details
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    Gary, IN 46409-1463
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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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