Property profile

5729 Melton Rd Gary, IN 46403

OFF-MARKET
Turn key restaurants
Property ID
US31-0415115
6,336 SF 0.47 ac lot Built 1953
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 5729 Melton Road in Gary, Indiana, presents a lucrative investment opportunity. Situated on a 0.47-acre lot, the building offers convenient access and high visibility due to its prime location directly across the street from the newly constructed South Shore Station. This strategic positioning ensures significant foot traffic and easy accessibility for customers. The property boasts ample parking, a significant advantage for attracting and retaining clientele. A key feature for many businesses is the inclusion of walk-in coolers and freezers, providing essential storage capabilities. The asking price for this property is $1,200,000. The square footage is not currently specified, but the substantial lot size and building features suggest a sizable retail space ideal for a variety of businesses. The drive-thru capability further enhances the property's appeal and operational efficiency, catering to a broad range of potential tenants. This property is poised for immediate success, offering a strong return on investment for the discerning buyer. Its location, amenities, and accessibility make it an exceptional opportunity in the thriving Gary market. Serious inquiries are encouraged to explore this remarkable investment prospect.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1953
Construction WOOD
Total area 6,336 SF
Lot 0.47 ac (20,386 SF)
APN 45-09-06-452-005.000-004
UPID US31-0415115

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

5729 Melton Rd Gary, IN 46403-2963
Gary metro Census 10207 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2020
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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