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Property profile & analytics
OFF-MARKET
Turn key restaurants

5729 Melton Rd Gary, IN 46403-2963

6,336 SF 0.47 ac lot Built 1953
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-0415115
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JJ fish & chicken Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ashraf Abdelrazzaq · 2 yrs held
Ashraf Abdelrazzaq
since 2024
3 recorded transactions
2024
Price N/A
2020
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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