Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1508 Massachusetts St, Unit 10 Gary, IN 46407-2209

    • Auto shops
    • 5,625 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Last Sale
    Dec 06, 2023
    Location Intelligence
    Property ID
    US31-1062407
    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

    • Auto shops

    Property Details for 1508 Massachusetts St

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    5,625 SF
    Property type
    Auto shops
    APN
    45-08-10-159-003.000-004
    APU
    450810159003000004

    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
    -87.336
    Latitude
    41.5877
    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
    $3,730
    $7,800
    $41,200
    $49,000
    -
    $7,800
    $41,200
    $49,000

    Comparable in this City

    • Value Estimation
      $310,000
      4,788 SF

      1551 Tyler St

      AUTO REPAIR, GARAGE • 4,788 SF
      1551 Tyler St, Gary, IN 46407
      View Details
    • Value Estimation by Request
      1,152 SF

      2400 Broadway

      AUTO REPAIR, GARAGE • 1,152 SF
      2400 Broadway, Gary, IN 46407-3604
      View Details
    • Value Estimation by Request
      1,968 SF

      2376 Industrial Blvd

      AUTO REPAIR, GARAGE • 1,968 SF
      2376 Industrial Blvd, Gary, IN 46407
      View Details
    • Value Estimation
      $340,000
      2,084 SF

      1100 Virginia St

      AUTO REPAIR, GARAGE • 2,084 SF
      1100 Virginia St, Gary, IN 46407-1429
      View Details
    • Value Estimation
      $295,000
      2,208 SF

      1300 25th Ave

      AUTO REPAIR, GARAGE • 2,208 SF
      1300 25th Ave, Gary, IN 46407
      View Details
    • Value Estimation
      $350,000
      5,472 SF

      1100 Pennsylvania St, Unit 10

      AUTO REPAIR, GARAGE • 5,472 SF
      1100 Pennsylvania St, Gary, IN 46407-1338
      View Details

    Similar Nearby for Sale

    • $469,000
      0.08 Acres

      Gary, IN Multifamily Investment

      Six-unit apartment building, 100% occupied.
      1301 Pennsylvania St, Gary, IN 46407
      View Details
    • $94,000
      0.06 Acres

      Turnkey Rental Property, Gary, IN

      3-bedroom, 1-bath single-family home with immediate income.
      815 W 25Th Ave, Gary, IN 46407
      View Details
    • $69,950
      Pending

      Four-Bedroom Duplex Investment Opportunity

      Two-unit property with renovation potential in Gary, Indiana.
      1715 Maryland St, Gary, IN 46407
      View Details
    • $75,000
      0.07 Acres

      Gary, IN Triplex Opportunity

      Gutted triplex ready for transformation in up-and-coming Gary.
      1241 W 17Th Ave, Gary, IN 46407
      View Details
    • Contact for pricing

      Land Available in Gary, Indiana

      Land for sale at 2301 Broadway, Gary, Indiana.
      2301 Broadway, Gary, IN 46407
      View Details
    • Contact for pricing
      0.08 Acres

      Vacant Land Ready For Construction

      Vacant lot with utilities ready for dream home construction.
      1141 Fillmore St, Gary, IN 46407
      View Details

    Property Visit Statistics

    • Visits by month
      12.0k
    • Visitors by month
      5.8k
    • Avg Time on site
      7 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1508 Massachusetts St, Unit 10
    Gary, IN 46407-2209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.