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    Property profile & analytics

    2305 15th Ave Gary, IN 46404

    • Grocery and convenience stores
    • 5,940 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Aug 16, 2023
    Location Intelligence
    Property ID
    US31-0431657
    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

    • Boost Mobile / Cell Phone Store
    • U-Haul Neighborhood Dealer / Truck Rental Agency / Van Rental Agency

    Property Details for 2305 15th Ave

    Year built
    2018
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    5,940 SF
    Property type
    Grocery and convenience stores
    APN
    45-08-08-328-004.000-004
    APU
    450808328004000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $395,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $420,000
      Mixed-Use
      $460,000
      Hospitality
      $360,000
      Educational
      $385,000
      Residential Income
      $375,000
      Energy
      $355,000
      Income-Based Land
      $425,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3663
    Latitude
    41.5876
    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
    $13,870
    $10,200
    $413,800
    $424,000
    -
    $10,200
    $413,800
    $424,000

    Comparable in this City

    • Value Estimation
      $285,000
      1,680 SF

      1485 Clark Rd

      CONVENIENCE STORE • 1,680 SF
      1485 Clark Rd, Gary, IN 46404-1687
      View Details
    • Value Estimation by Request
      2,580 SF

      2701 5th Ave, Unit 27

      CONVENIENCE STORE • 2,580 SF
      2701 5th Ave, Gary, IN 46404-1243
      View Details
    • Value Estimation by Request
      55,620 SF

      2550 Arthur St

      GROCERY, SUPERMARKET • 55,620 SF
      2550 Arthur St, Gary, IN 46404-3531
      View Details
    • Value Estimation
      $325,000
      1,885 SF

      1500 Grant St

      CONVENIENCE STORE • 1,885 SF
      1500 Grant St, Gary, IN 46404-2731
      View Details
    • Value Estimation
      $300,000
      1,232 SF

      2081 Grant St, Unit 95

      CONVENIENCE STORE • 1,232 SF
      2081 Grant St, Gary, IN 46404-3056
      View Details
    • Value Estimation by Request
      1,880 SF

      2993 11th Ave

      CONVENIENCE STORE • 1,880 SF
      2993 11th Ave, Gary, IN 46404-2010
      View Details

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      0.08 Acres

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    Similar Nearby for Lease

    • $20 SF/Yr
      2,000 SF

      New Retail/Office Space Available

      New construction retail/office space for lease, suitable for QSR.
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      View Details
    • Contact for pricing
      77,841 SF

      Industrial Space with Recent Renovations

      77,841 SF industrial space available for lease in Gary, IN.
      2100 E 15Th Ave, Gary, IN 46404
      View Details
    • $500 /Mo
      100 SF

      Office Suites For Rent

      Individual office suites available for lease with utilities included.
      7725 Taft St, Merrillville, IN 46404
      View Details
    • $5,000 /Mo
      8,000 SF

      Spacious Warehouse with Yard Access

      8000 SF warehouse for rent with shared yard access.
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      View Details
    • $1,300 /Mo
      1,250 SF

      Renovated Three-Bedroom Apartment Near Beach

      Recently renovated three-bedroom apartment with modern appliances and convenient location.
      2306 W 5Th Ave, Gary, IN 46404
      View Details

    Property Visit Statistics

    • Visits by month
      7.8k
    • Visitors by month
      4.2k
    • Avg Time on site
      11 min
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    Gary, IN 46404
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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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