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    Property profile & analytics

    22-24 49th Ave, Unit 24 Gary, IN 46409-2709

    • Commercial land
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1048704
    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 22-24 49th Ave

    Lot size
    0.09 lot acres
    Property type
    Commercial land
    APN
    45-08-34-155-031.000-004
    APU
    450834155031000004

    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
    -87.3353
    Latitude
    41.5297
    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
    $54,352
    $1,900
    $0.00
    $1,900
    -
    $1,900
    $0.00
    $1,900

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      1400-06 37th Ave

      VACANT COMMERCIAL LAND • 0.07 Acres
      1400-06 37th Ave, Gary, IN 46409
      View Details
    • Value Estimation by Request
      0.09 Acres

      3808-10 Rhode Islandst St, Unit 10

      VACANT COMMERCIAL LAND • 0.09 Acres
      3808-10 Rhode Islandst St, Gary, IN 46409-1636
      View Details
    • Value Estimation by Request
      0.14 Acres

      3824-26 Rhode Islandst St, Unit 26

      VACANT COMMERCIAL LAND • 0.14 Acres
      3824-26 Rhode Islandst St, Gary, IN 46409-1636
      View Details
    • Value Estimation by Request
      0.07 Acres

      3852-54 Rhode Islandst St, Unit 54

      VACANT COMMERCIAL LAND • 0.07 Acres
      3852-54 Rhode Islandst St, Gary, IN 46409-1636
      View Details
    • Value Estimation by Request
      0.68 Acres

      3921 Georgia St, Unit 59

      VACANT COMMERCIAL LAND • 0.68 Acres
      3921 Georgia St, Gary, IN 46409-1804
      View Details
    • Value Estimation by Request
      0.07 Acres

      4389 Broadway

      VACANT COMMERCIAL LAND • 0.07 Acres
      4389 Broadway, Gary, IN 46409-2121
      View Details

    Similar Nearby for Sale

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      0.07 Acres

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      Vacant lot in Gary, Indiana with high visibility.
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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
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      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
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    • $150,000
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      Prime Gary, IN Commercial Lot

      High-traffic location, owner financing possible.
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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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    22-24 49th Ave, Unit 24
    Gary, IN 46409-2709
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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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