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    Property profile & analytics
    OFF-MARKET
    Retail space

    4815 5th Ave, Gary, IN 46406-1618

    9,800 SF 0.5 ac lot Built 1945
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-0024114
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1945
    Construction WOOD
    Total area 9,800 SF
    Lot 0.5 ac (21,649 SF)
    APN 45-07-01-431-005.000-004
    UPID US31-0024114
    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
    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
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    Owner & transaction history
    Imperial Kr INC · 6 yrs held
    Imperial Kr INC
    since 2019
    2 recorded transactions
    2019
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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