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    Property profile & analytics

    3947 Pennsylvania St Gary, IN 46409-1733

    • Theaters & concert halls
    • 4,096 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 06, 2023
    Location Intelligence
    Property ID
    US31-1987006
    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

    • Theaters & concert halls

    Property Details for 3947 Pennsylvania St

    Year built
    1996
    Construction
    WOOD
    Lot size
    1.83 lot acres
    Property size
    4,096 SF
    Zone code
    R33
    Property type
    Theaters & concert halls
    APN
    45-08-27-153-018.000-004
    APU
    450827153018000004

    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
    -87.3332
    Latitude
    41.5466
    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
    $10,245
    $82,500
    $33,700
    $116,200
    -
    $82,500
    $33,700
    $116,200

    Comparable in this City

    • Value Estimation by Request
      24,684 SF

      3924 Georgia St, Unit 92

      THEATER (MOVIE) • 24,684 SF
      3924 Georgia St, Gary, IN 46409-1805
      View Details
    • Value Estimation
      $270,000
      4,600 SF

      4921 Broadway, Unit 23

      THEATER (MOVIE) • 4,600 SF
      4921 Broadway, Gary, IN 46409-2706
      View Details
    • Value Estimation
      $375,000
      5,684 SF

      637 45th Ave, Unit 721

      THEATER (MOVIE) • 5,684 SF
      637 45th Ave, Gary, IN 46409-2246
      View Details
    • Value Estimation by Request
      5,434 SF

      4949 Massachusetts St

      THEATER (MOVIE) • 5,434 SF
      4949 Massachusetts St, Gary, IN 46409
      View Details
    • Value Estimation
      $590,000
      11,690 SF

      1500 49th Ave

      THEATER (MOVIE) • 11,690 SF
      1500 49th Ave, Gary, IN 46409-2645
      View Details
    • Value Estimation
      $365,000
      6,280 SF

      3801 Georgia St, Unit 7

      THEATER (MOVIE) • 6,280 SF
      3801 Georgia St, Gary, IN 46409-1606
      View Details

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      Vacant Land Ready to Build

      Vacant lot near I-94, I-65, and Toll Road.
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      Gary Mixed-Use Investment Opportunity

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    3947 Pennsylvania St
    Gary, IN 46409-1733
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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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