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    Property profile & analytics

    3700 Roosevelt St Gary, IN 46408-2034

    • Warehouses
    • 9,730 SF
    • 6.34 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US31-0446591
    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

    • Gary Bridge & Iron Co / Industrial Equipment Supplier / Machine Shop
    • Truchan & Associates / Engineer

    Property Details for 3700 Roosevelt St

    Year built
    1961
    Construction
    WOOD
    Lot size
    6.34 lot acres
    Property size
    9,730 SF
    Property type
    Warehouses
    APN
    45-08-29-201-001.000-003
    APU
    450829201001000003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $550,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $565,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $555,000
      Mixed-Use
      $640,000
      Hospitality
      $535,000
      Educational
      $585,000
      Residential Income
      $605,000
      Energy
      $500,000
      Income-Based Land
      $515,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3642
    Latitude
    41.5508
    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
    $19,444
    $253,600
    $226,700
    $480,300
    -
    $253,600
    $226,700
    $480,300

    Comparable in this City

    • Value Estimation
      $430,000
      14,400 SF

      207 Colfax St

      MINI-WAREHOUSE, STORAGE • 14,400 SF
      207 Colfax St, Gary, IN 46408
      View Details
    • Value Estimation
      $300,000
      4,942 SF

      1850 Rdg Rd

      STORAGE YARD, OPEN STORAGE • 4,942 SF
      1850 Rdg Rd, Gary, IN 46408
      View Details
    • Value Estimation
      $375,000
      8,508 SF

      2660 35th Ave

      STORAGE YARD, OPEN STORAGE • 8,508 SF
      2660 35th Ave, Gary, IN 46408-1416
      View Details
    • Value Estimation
      $335,000
      5,600 SF

      3746 Arthur St

      WAREHOUSE, STORAGE • 5,600 SF
      3746 Arthur St, Gary, IN 46408-2019
      View Details
    • Value Estimation
      $325,000
      6,496 SF

      3830 Whitcomb St

      STORAGE YARD, OPEN STORAGE • 6,496 SF
      3830 Whitcomb St, Gary, IN 46408
      View Details
    • Value Estimation
      $285,000
      3,808 SF

      3905 Rdg Rd

      WAREHOUSE, STORAGE • 3,808 SF
      3905 Rdg Rd, Gary, IN 46408-1847
      View Details

    Similar Nearby for Sale

    • $950,000

      Redevelopment or Reuse Opportunity

      Retail showroom/warehouse on 3.7 acres near I-80/94.
      3450 Grant St, Gary, IN 46408
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      Prime Gary Commercial Land

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    • $35,000
      1.39 Acres

      Unincorporated Calumet Township Land Parcel

      1.39 acre parcel with open space and wooded areas.
      4300 Roosevelt Pl, Gary, IN 46408
      View Details
    • $3,430,000
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      DaVita-anchored, Net Lease opportunity.
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    Similar Nearby for Lease

    • $2,736 /Mo
      3,648 SF

      Warehouse Space in Gary, Indiana

      Versatile warehouse space suitable for various industrial and storage purposes.
      5020 W 45Th Ave, Gary, IN 46408
      View Details
    • $2,400 /Mo
      435,600 SF

      Trucking Trailer Parking Site

      1-10 acre trucking trailer parking site for lease.
      3920 W Ridge Rd, Gary, IN 46408
      View Details
    • Contact for pricing

      Land Available For Lease

      Highly visible land for lease in a densely populated area.
      3701 Grant St, Gary, IN 46408
      View Details
    • Contact for pricing
      184,268 SF

      Ridge Plaza Retail Center - Gary, IN

      Prime Retail Space Available, Lake County
      6050 Ridge Rd, Gary, IN 46408
      View Details
    • Contact for pricing
      167,787 SF

      Ridge Plaza Shopping Center

      Individual retail properties
      6050 Ridge Rd, Gary, IN 46408
      View Details
    • $0.09 SF/Yr

      Land For Rent Gary, IN

      Land available for rent in Gary, Indiana.
      3870 Chase St, Gary, IN 46408
      View Details
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    3700 Roosevelt St
    Gary, IN 46408-2034
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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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