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    Property profile & analytics

    549 Massachusetts St, Unit 51 Gary, IN 46402-2004

    • Parking lots & garages
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-0575538
    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

    • Parking lots & garages

    Property Details for 549 Massachusetts St

    Year built
    2011
    Lot size
    0.34 lot acres
    Property type
    Parking lots & garages
    APN
    45-08-03-302-004.000-004
    APU
    450803302004000004

    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
    -87.3355
    Latitude
    41.601
    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
    $871
    $10,800
    $5,100
    $15,900
    -
    $10,800
    $5,100
    $15,900

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      400 Fillmore St, Unit 6

      PARKING LOT • 0.13 Acres
      400 Fillmore St, Gary, IN 46402-1036
      View Details
    • Value Estimation by Request
      66,280 SF

      401 Adams St

      PARKING GARAGE, PARKING STRUCTURE • 66,280 SF
      401 Adams St, Gary, IN 46402-1218
      View Details
    • Value Estimation
      $240,000
      0.29 Acres

      21 9th Ave

      PARKING LOT • 0.29 Acres
      21 9th Ave, Gary, IN 46402
      View Details
    • Value Estimation
      $295,000
      2,470 SF

      900 Broadway, Unit 14

      PARKING LOT • 2,470 SF
      900 Broadway, Gary, IN 46402-2906
      View Details
    • Value Estimation by Request
      0.09 Acres

      942 Adams St

      PARKING LOT • 0.09 Acres
      942 Adams St, Gary, IN 46402
      View Details
    • Value Estimation by Request
      0.09 Acres

      924 Broadway

      PARKING LOT • 0.09 Acres
      924 Broadway, Gary, IN 46402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,814 SF

      Freestanding Office Building in Merrillville

      Turnkey office building near I-65 and US 30.
      8401 Ohio St, Merrillville, IN 46402
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    • $200,000
      0.24 Acres

      Gary IN Triplex Development Opportunity

      Prime development opportunity near planned South Shore Line revitalization.
      420 Adams St, Gary, IN 46402
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    • $54,000
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      Gary Duplex: Investor Opportunity

      Two-unit building with rehab potential in Gary, Indiana.
      1072 Van Buren St, Gary, IN 46402
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    • $75,000
      Pending

      Duplex with Rental Potential

      Duplex in Gary, Indiana with newer roof and furnace.
      251 Polk St, Gary, IN 46402
      View Details
    • New
      $69,900
      0.09 Acres

      Gary, Indiana Triplex Opportunity

      Triplex with walkout basement apartment and low property taxes.
      640 Polk St, Gary, IN 46402
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    • $275,000

      Land For Sale

      Land available for sale in Merrillville, Indiana.
      Broadway, Merrillville, IN 46402
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      60,000 SF

      Retail Space in Vibrant Corridor

      Retail space with high-traffic co-tenants and convenient highway access.
      6110 Broadway, Merrillville, IN 46402
      View Details
    • $19 SF/Yr
      1,109 SF

      Merrillville Office Space Available

      1,109 SF office space for lease in Merrillville, Indiana.
      8941 Broadway, Merrillville, IN 46402
      View Details
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    549 Massachusetts St, Unit 51
    Gary, IN 46402-2004
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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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