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    Property profile & analytics

    642 Lk St Gary, IN 46403-2967

    • Commercial real estate
    • 2,400 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Aug 31, 2020
    Location Intelligence
    Property ID
    US31-0441266
    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

    • Dr. Teofilo S. Bautista, MD / Family Practice Physician
    • Bautista Medical Center / Medical Group / Doctor
    • Yes Appliance Repair Gary, IN / Air Conditioning Repair Service / Hvac Contractor
    • Tequila and Tacos / Taco Restaurant

    Property Details for 642 Lk St

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,400 SF
    Property type
    Commercial real estate
    APN
    45-09-06-409-018.000-004
    APU
    450906409018000004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $340,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $300,000
      Mixed-Use
      $345,000
      Hospitality
      $300,000
      Educational
      $295,000
      Residential Income
      $325,000
      Energy
      $310,000
      Income-Based Land
      $340,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Gary
    County
    Lake
    State
    Indiana
    Longitude
    -87.2671
    Latitude
    41.5987
    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
    $3,895
    $15,000
    $51,700
    $66,700
    -
    $15,000
    $51,700
    $66,700

    Comparable in this City

    • Value Estimation by Request
      0.86 Acres

      5800 Hemlock Ave

      COMMERCIAL (GENERAL) • 0.86 Acres
      5800 Hemlock Ave, Gary, IN 46403
      View Details
    • Value Estimation by Request
      720 SF

      508 Lk St

      COMMERCIAL (GENERAL) • 720 SF
      508 Lk St, Gary, IN 46403-2407
      View Details
    • Value Estimation by Request
      29,700 SF

      210 Grand Blvd

      COMMERCIAL (GENERAL) • 29,700 SF
      210 Grand Blvd, Gary, IN 46403-1903
      View Details
    • Value Estimation by Request
      3,312 SF

      301 Grand Blvd

      COMMERCIAL (GENERAL) • 3,312 SF
      301 Grand Blvd, Gary, IN 46403-2323
      View Details
    • Value Estimation
      $395,000
      8,910 SF

      7500 Melton Rd

      COMMERCIAL (GENERAL) • 8,910 SF
      7500 Melton Rd, Gary, IN 46403-3147
      View Details
    • Value Estimation
      $300,000
      1,875 SF

      6133 Miller Ave

      COMMERCIAL (GENERAL) • 1,875 SF
      6133 Miller Ave, Gary, IN 46403-2470
      View Details

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    Similar Nearby for Lease

    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
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    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      1.6k
    • Avg Time on site
      11 min
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    642 Lk St
    Gary, IN 46403-2967
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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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