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

    2197 Colfax St Gary, IN 46406-2511

    • Parking lots & garages
    • 500 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 10, 2020
    Location Intelligence
    Property ID
    US31-1127631
    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

    • Parking lots & garages

    Property Details for 2197 Colfax St

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    500 SF
    Property type
    Parking lots & garages
    APN
    45-07-13-101-022.000-003
    APU
    450713101022000003

    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
    -87.4128
    Latitude
    41.5794
    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
    $258
    $7,900
    $700
    $8,600
    -
    $7,900
    $700
    $8,600

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      1584-86 Fairbanks St

      PARKING LOT • 0.07 Acres
      1584-86 Fairbanks St, Gary, IN 46406
      View Details
    • Value Estimation by Request
      0.07 Acres

      1512-14 Fairbanks St

      PARKING LOT • 0.07 Acres
      1512-14 Fairbanks St, Gary, IN 46406
      View Details
    • Value Estimation by Request
      0.07 Acres

      1556-58 Fairbanks St

      PARKING LOT • 0.07 Acres
      1556-58 Fairbanks St, Gary, IN 46406
      View Details
    • Value Estimation by Request
      0.13 Acres

      4612 5th Ave, Unit 46

      PARKING LOT • 0.13 Acres
      4612 5th Ave, Gary, IN 46406-1801
      View Details
    • Value Estimation by Request
      0.09 Acres

      1371 Burr St

      PARKING LOT • 0.09 Acres
      1371 Burr St, Gary, IN 46406
      View Details
    • Value Estimation
      $195,000
      1.55 Acres

      470 Bigger St

      PARKING LOT • 1.55 Acres
      470 Bigger St, Gary, IN 46406
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,680 SF

      Gary, IN Mixed-Use Building

      Large building in Gary, IN, ready to be restored.
      262 Gerry St, Gary, IN 46406
      View Details
    • Contact for pricing

      Industrial Land with Ample Yard

      6-acre site with significant yard space in Gary, Indiana.
      1501-59 Fairbanks St, Gary, IN 46406
      View Details
    • $125,000
      5,000 SF

      Mixed-Use Building in Gary, Indiana

      Mixed-use property featuring a furnished basement with studio space.
      5007 W 5Th Ave, Gary, IN 46406
      View Details
    • Contact for pricing
      0.34 Acres

      Residential Land For Development

      Three-lot land parcel suitable for residential development.
      1152 Hovey St, Gary, IN 46406
      View Details
    • Contact for pricing
      14.20 Acres

      14.2 Acre Gary Commercial Land

      Prime Gary location, ideal for trucking & storage.
      1500 Colfax St, Gary, IN 46406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6 SF

      6-Acre Site with Yard Space

      6-acre site with significant yard space for parking/storage.
      6533 West 15Th Ave, Gary, IN 46406
      View Details
    • Contact for pricing

      Gary, IN Commercial Land Opportunity

      4.87-acre commercial lot for lease.
      1500 Colfax St, Gary, IN 46406
      View Details
    • $8 SF/Yr
      8,000 SF

      Gary Warehouse: 8,000 SF Available

      Prime Gary industrial space, ideal for various uses.
      1548 Cline Ave, Gary, IN 46406
      View Details
    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.
    2197 Colfax St
    Gary, IN 46406-2511
    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.