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    Property profile & analytics

    4191 Cleveland St Gary, IN 46408-2427

    • Strip malls
    • 9,840 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US31-0663590
    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

    • Dean's Chicago Style Polish & Popcorn / Fast Food Restaurant

    Property Details for 4191 Cleveland St

    Year built
    1971
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.13 lot acres
    Property size
    9,840 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    45-08-29-426-007.000-001
    APU
    450829426007000001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $560,000
      6.5%
      $510,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $600,000
      Retail
      $510,000
      Mixed-Use
      $450,000
      Hospitality
      $515,000
      Educational
      $545,000
      Residential Income
      $465,000
      Energy
      $430,000
      Income-Based Land
      $480,000
      Food Service
      $480,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.3594
    Latitude
    41.5427
    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
    $17,514
    $164,300
    $401,400
    $565,700
    -
    $164,300
    $401,400
    $565,700

    Comparable in this City

    • Value Estimation
      $445,000
      18,000 SF

      5800 Rdg Rd, Unit 62

      SHOPPING CENTER, STRIP CENTER • 18,000 SF
      5800 Rdg Rd, Gary, IN 46408-1725
      View Details
    • Value Estimation by Request
      344,991 SF

      3600 Grant St

      SHOPPING CENTER, STRIP CENTER • 344,991 SF
      3600 Grant St, Gary, IN 46408
      View Details
    • Value Estimation
      $350,000
      12,876 SF

      4316 Broadway, Unit 18

      WHOLESALE OUTLET, DISCOUNT STORE • 12,876 SF
      4316 Broadway, Gary, IN 46408-3304
      View Details
    • Value Estimation
      $770,000
      48,564 SF

      1931 41st Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 48,564 SF
      1931 41st Ave, Gary, IN 46408
      View Details
    • Value Estimation by Request
      95,398 SF

      6050 Rdg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 95,398 SF
      6050 Rdg Rd, Gary, IN 46408-1701
      View Details
    • Value Estimation by Request
      0.50 Acres

      2985 Grant St

      PARKING LOT • 0.50 Acres
      2985 Grant St, Gary, IN 46408
      View Details

    Similar Nearby for Sale

    • $950,000

      Redevelopment or Reuse Opportunity

      Retail showroom/warehouse on 3.7 acres near I-80/94.
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      Mixed-Use Automotive Property For Sale

      Mixed-use property with automotive business and adjacent lot for sale.
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      Turnkey Bar with Attached House
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      Prime Gary Commercial Land

      1-Acre Lot, High Visibility, I-94 Access
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    • $350,000
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      Prime Gary Industrial Property

      Versatile Machine Shop, High Traffic Location
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      1.39 acre parcel with open space and wooded areas.
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    Similar Nearby for Lease

    • 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
      3,500 SF

      Retail Space in Gary, Indiana

      Retail property located 35 miles east of downtown Chicago.
      5974-5990 W 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
    • $3,000 /Mo
      5,093 SF

      Gary, IN Retail Opportunity

      Bar/Restaurant retail space available for lease in Gary, IN.
      2715 W Ridge Rd, Gary, IN 46408
      View Details
    • $10 SF/Yr
      50,101 SF

      3303-3345 45Th Ave

      Retail properties • 50,101 SF
      3303-3345 45Th Ave, 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
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    4191 Cleveland St
    Gary, IN 46408-2427
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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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