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    Property profile & analytics

    216 16th Ave Gary, IN 46407-2115

    • Commercial land
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 05, 2021
    Location Intelligence
    Property ID
    US31-1162324
    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

    • Commercial land

    Property Details for 216 16th Ave

    Lot size
    0.15 lot acres
    Property type
    Commercial land
    APN
    45-08-09-427-011.000-004
    APU
    450809427011000004

    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
    -87.3397
    Latitude
    41.5871
    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
    $71
    $2,000
    $0.00
    $2,000
    -
    $2,000
    $0.00
    $2,000

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      2133 Madison St

      VACANT COMMERCIAL LAND • 0.07 Acres
      2133 Madison St, Gary, IN 46407-3027
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    • Value Estimation by Request
      0.03 Acres

      1953 Massachusetts St

      VACANT COMMERCIAL LAND • 0.03 Acres
      1953 Massachusetts St, Gary, IN 46407-2631
      View Details
    • Value Estimation by Request
      0.07 Acres

      1932 Massachusetts St

      VACANT COMMERCIAL LAND • 0.07 Acres
      1932 Massachusetts St, Gary, IN 46407-2632
      View Details
    • Value Estimation by Request
      0.07 Acres

      1616 Massachusetts St, Unit 18

      VACANT COMMERCIAL LAND • 0.07 Acres
      1616 Massachusetts St, Gary, IN 46407-2223
      View Details
    • Value Estimation by Request
      0.07 Acres

      1721 Massachusetts St, Unit 23

      VACANT COMMERCIAL LAND • 0.07 Acres
      1721 Massachusetts St, Gary, IN 46407-2224
      View Details
    • Value Estimation by Request
      0.09 Acres

      1438 Virginia St

      VACANT COMMERCIAL LAND • 0.09 Acres
      1438 Virginia St, Gary, IN 46407-1433
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • New
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      Vacant lot with utilities ready for dream home construction.
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      Turnkey Rental Property, Gary, IN

      3-bedroom, 1-bath single-family home with immediate income.
      815 W 25Th Ave, Gary, IN 46407
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    • $69,950
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      Four-Bedroom Duplex Investment Opportunity

      Two-unit property with renovation potential in Gary, Indiana.
      1715 Maryland St, Gary, IN 46407
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      Gary, IN Triplex Opportunity

      Gutted triplex ready for transformation in up-and-coming Gary.
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    216 16th Ave
    Gary, IN 46407-2115
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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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