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Property profile & analytics
FOR SALE
Commercial real estate

4489 Broadway Gary, IN 46409

2,404 SF 0.13 ac lot Built 1930
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US31-3403848
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction WOOD
Total area 2,404 SF
Lot 0.13 ac (5,750 SF)
APN 45-08-27-355-022.000-004
UPID US31-3403848
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bugsy's Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Cary A Darnell · 18 yrs held
Cary A Darnell
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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