Property summary
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
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight