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    Property profile & analytics

    4900 Melton Rd Gary, IN 46403-2872

    • Grocery and convenience stores
    • 2,393 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 04, 2023
    $40,100
    Location Intelligence
    Property ID
    US31-0528286
    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

    • Raceway Gas Station / Gas Station
    • Bitcoin Depot - Bitcoin ATM / Crypto Atm / Atm
    • ATM (Great Punjab) / Atm
    • Clark / Gas Station

    Property Details for 4900 Melton Rd

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.55 lot acres
    Property size
    2,393 SF
    Property type
    Grocery and convenience stores
    APN
    45-09-06-352-004.000-004
    APU
    450906352004000004

    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
    -87.2783
    Latitude
    41.5958
    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
    $8,549
    $177,300
    $60,400
    $237,700
    -
    $177,300
    $60,400
    $237,700

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      750 Lk St

      CONVENIENCE STORE • 1,536 SF
      750 Lk St, Gary, IN 46403-2915
      View Details
    • Value Estimation by Request
      1,506 SF

      4901 Dunes Hwy

      CONVENIENCE STORE • 1,506 SF
      4901 Dunes Hwy, Gary, IN 46403
      View Details
    • Value Estimation
      $185,000
      1,525 SF

      4321 Dunes Hwy

      CONVENIENCE STORE • 1,525 SF
      4321 Dunes Hwy, Gary, IN 46403
      View Details
    • Value Estimation
      $290,000
      1,630 SF

      401 Grand Blvd

      CONVENIENCE STORE • 1,630 SF
      401 Grand Blvd, Gary, IN 46403-2441
      View Details
    • Value Estimation
      $490,000
      23,049 SF

      5019 Dunes Hwy

      GROCERY, SUPERMARKET • 23,049 SF
      5019 Dunes Hwy, Gary, IN 46403-2894
      View Details
    • Value Estimation by Request
      1,098 SF

      6019 Miller Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,098 SF
      6019 Miller Ave, Gary, IN 46403-0075
      View Details

    Similar Nearby for Sale

    • $249,000
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      Retail Space in High-Traffic Mall

      Retail or office space in a high-traffic Gary strip mall.
      5011 E Dunes Hwy, Gary, IN 46403
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    • $370,000
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      Prime Commercial Opportunity in Miller Beach

      Commercial property in Miller Beach's East Lakefront District, near South Shore Train Station.
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    • $199,900
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      Gary, IN Retail Opportunity

      Commercial property in Miller Business District, ideal for redevelopment.
      288 S Lake St, Gary, IN 46403
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    • $35,000
      0.18 Acres

      Land in Miller Beach Community

      Vacant lot in the Miller Beach Community.
      8841 Hemlock Ln, Gary, IN 46403
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    • $175,000
      0.11 Acres

      Lake Michigan View Lot

      Residential or multi-family development lot near Indiana Dunes National Park.
      741 N Lake St, Gary, IN 46403
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    • $80,000
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      Commercial Land in Gary, Indiana

      Prime commercial site in a bustling business area.
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    Similar Nearby for Lease

    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
      6401 Melton Rd, Gary, IN 46403
      View Details
    • $3,300 /Mo
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office space near South Shore train station.
      5528 E Melton Rd, Gary, IN 46403
      View Details

    Property Visit Statistics

    • Visits by month
      10.8k
    • Visitors by month
      5.2k
    • Avg Time on site
      8 min
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    4900 Melton Rd
    Gary, IN 46403-2872
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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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