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    Property profile & analytics

    647 Lk St Gary, IN 46403-2968

    • Commercial real estate
    • 6,432 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US31-0526014
    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

    • Chase Mortgage / Mortgage Lender
    • Chase Bank / Bank / Atm
    • ATM / Atm

    Property Details for 647 Lk St

    Year built
    1955
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.20 lot acres
    Property size
    6,432 SF
    Property type
    Commercial real estate
    APN
    45-09-06-434-003.000-004
    APU
    450906434003000004

    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
    -87.2663
    Latitude
    41.5989
    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
    $8,627
    $24,700
    $217,500
    $242,200
    -
    $24,700
    $217,500
    $242,200

    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
      $270,000
      2,400 SF

      642 Lk St

      COMMERCIAL (GENERAL) • 2,400 SF
      642 Lk St, Gary, IN 46403-2967
      View Details
    • Value Estimation
      $260,000
      3,900 SF

      563 Lk St

      COMMERCIAL (GENERAL) • 3,900 SF
      563 Lk St, Gary, IN 46403-2408
      View Details

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      Prime Commercial Opportunity in Miller Beach

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      Commercial Land in Gary, Indiana

      Prime commercial site in a bustling business area.
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    • $250,000
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      Commercial Land Near South Shore

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      Retail or office space in a high-traffic Gary strip mall.
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    Similar Nearby for Lease

    • $32 SF/Yr
      4,820 SF

      Melton Road Industrial Facility

      4,820 SF Manufacturing/Flex Space
      6401 Melton Rd, Gary, IN 46403
      View Details
    • $3,300 /Mo
      2,605 SF

      Professional Office Near Train Station

      Move-in ready office space near South Shore train station.
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      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.6k
    • Avg Time on site
      11 min
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    647 Lk St
    Gary, IN 46403-2968
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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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