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    Property profile & analytics

    625 Lk St Gary, IN 46403-2937

    • Commercial real estate
    • 6,990 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Apr 25, 2025
    Location Intelligence
    Property ID
    US31-0727949
    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

    • White Ginger / Wholesaler
    • Indie Indie Bang Bang / Greeting Card Shop / Jewelry Store
    • D & K Soul Food & Salads / Restaurant / Salad Shop
    • D & K Gourmet Salads Catering and More / Salad Shop / Soul Food Restaurant

    Property Details for 625 Lk St

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    6,990 SF
    Property type
    Commercial real estate
    APN
    45-09-06-404-015.000-004
    APU
    450906404015000004

    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
    -87.2669
    Latitude
    41.5999
    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
    $2,803
    $5,500
    $78,200
    $83,700
    -
    $5,500
    $78,200
    $83,700

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      1990-210 Rr Appr

      COMMERCIAL (GENERAL) • 0.20 Acres
      1990-210 Rr Appr, Gary, IN 46403
      View Details
    • Value Estimation by Request
      1,200 SF

      5400 Miller Ave

      COMMERCIAL (GENERAL) • 1,200 SF
      5400 Miller Ave, Gary, IN 46403-2844
      View Details
    • Value Estimation by Request
      2,250 SF

      617 Lk St, Unit 21

      COMMERCIAL (GENERAL) • 2,250 SF
      617 Lk St, Gary, IN 46403-2937
      View Details
    • Value Estimation by Request
      2,225 SF

      549 Lk St, Unit 51

      COMMERCIAL (GENERAL) • 2,225 SF
      549 Lk St, Gary, IN 46403
      View Details
    • Value Estimation
      $345,000
      6,432 SF

      647 Lk St

      COMMERCIAL (GENERAL) • 6,432 SF
      647 Lk St, Gary, IN 46403-2968
      View Details
    • Value Estimation
      $215,000
      3,486 SF

      430 Lk St

      COMMERCIAL (GENERAL) • 3,486 SF
      430 Lk St, Gary, IN 46403-2405
      View Details

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    Similar Nearby for Lease

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    625 Lk St
    Gary, IN 46403-2937
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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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