4815 5th Ave, Gary, IN 46406-1618
Invest in this 0.5-acre retail property located at 4815 W 5th Avenue in Gary, Indiana, priced at $75,000. This former laundromat boasts a prime location on a busy four-lane road, offering exceptional visibility and accessibility. The building presents a significant opportunity for a savvy investor to revitalize a once-thriving business. The substantial space allows for the installation of 72+ washers and 46+ dryers, catering to a large customer base. Ample parking is available, with capacity for 25+ vehicles, and a convenient drive-thru window adds to the property's appeal. This property's strategic location in the heart of Gary ensures high traffic volume and strong potential for return on investment. The property is also available as part of a bundle deal with a separate property located at 1437 E Ridge Rd (MLS #544979), presenting an even more lucrative investment opportunity. This is a rare chance to acquire a well-situated retail space with significant upside potential. The property's size and features make it ideal for a variety of commercial uses, beyond its original purpose as a laundromat. Don't miss this chance to capitalize on a prime Gary location and bring a vibrant business back to life. Act quickly to secure this exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.