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    Property profile & analytics

    4489 Broadway, Unit 93 Gary, IN 46409-2122

    • Commercial real estate
    • 2,404 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3403848
    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

    • Bugsy's Tavern / Bar

    Property Details for 4489 Broadway

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    2,404 SF
    Property type
    Commercial real estate
    APN
    45-08-27-355-022.000-004
    APU
    450827355022000004

    Description

    Exceptional opportunity to acquire a thriving, turn-key bar located at 4489 Broadway, Gary, Indiana. This 1,526 square foot, Class C executive office building, built in 1930, sits on a 0.13-acre lot and is zoned Business 1. The property boasts a unique Harley Davidson theme, attracting a loyal clientele. The bar itself offers seating for approximately 35 patrons, complemented by a dartboard, flat-screen TV, and a small outdoor patio. Inside, you'll find two restrooms and a comfortable environment maintained by heating and air conditioning. Ample parking is available with 10 onsite spaces and additional street parking. The high-traffic location benefits from a daily traffic count of 16,365 vehicles and a population of 128,928 within a 5-mile radius. The 2023 property taxes totaled $1,176.20. This turnkey operation is priced at $205,000 and presents a compelling investment opportunity in a vibrant market. The property's established clientele and unique atmosphere make it an attractive prospect for a seasoned entrepreneur seeking a ready-made business.

    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
    -87.3358
    Latitude
    41.5369
    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
    $1,236
    $7,300
    $26,100
    $33,400
    -
    $7,300
    $26,100
    $33,400

    Comparable in this City

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      6,896 SF

      400 35th Ave

      COMMERCIAL (GENERAL) • 6,896 SF
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    4489 Broadway, Unit 93
    Gary, IN 46409-2122
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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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