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    Property profile & analytics

    2701 5th Ave, Unit 27 Gary, IN 46404-1243

    • Grocery and convenience stores
    • 2,580 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 18, 2025
    Location Intelligence
    Property ID
    US31-0881948
    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

    • Grocery and convenience stores

    Property Details for 2701 5th Ave

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.71 lot acres
    Property size
    2,580 SF
    Property type
    Grocery and convenience stores
    APN
    45-08-05-331-001.000-004
    APU
    450805331001000004

    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
    -87.371
    Latitude
    41.6016
    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
    $12,374
    $641,200
    $378,200
    $1,019,400
    -
    $641,200
    $378,200
    $1,019,400

    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
      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
    • Value Estimation by Request
      1,000 SF

      399 Gary St

      Automotive properties • 1,000 SF
      399 Gary St, Gary, IN 46404
      View Details

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    Similar Nearby for Lease

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      2,000 SF

      New Retail/Office Space Available

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    • $1,300 /Mo
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      Renovated Three-Bedroom Apartment Near Beach

      Recently renovated three-bedroom apartment with modern appliances and convenient location.
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    2701 5th Ave, Unit 27
    Gary, IN 46404-1243
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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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