Property profile

1501 Michigan St Gary, IN 46402

OFF-MARKET
Warehouses
Property ID
US31-3445203
4,800 SF 5.89 ac lot Built 1998
Entity Owned Free & Clear
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Property profile

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1998
Construction WOOD
Total area 4,800 SF
Lot 5.89 ac (256,568 SF)
APN 45-08-11-326-001.000-004
UPID US31-3445203

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • School Bus Service

Location

1501 Michigan St Gary, IN 46402-3094
Gary metro Census 11400 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2026
6 recorded transactions
2026
$39,300
2023
Price N/A
2021
Price N/A
2015
Price N/A
2008
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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